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Multibagger defence stock hits record high after board clears stock split, fundraising

Shares of Premier Explosives zoomed over 5% to a record high on Friday after board of the defence firm approves a stock split in the ratio of 1:5. Premier Explosives stock gained 5.14% to Rs 2125 against the previous close of Rs 2021.05 on BSE. The board of the firm also approved raising of up to Rs 400 crore.

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