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The defence industry relies on a diverse range of suppliers to manufacture products. These four are the top companies supplying to defence companies. ....
Shares of Premier Explosives Ltd delivered multibagger returns in the last three years. The multibagger defence stock, which closed at Rs 108.55 on July 31, 2020 hit a high of Rs 1002.80 today, delivering 823% returns during the period. An amount of Rs 1 lakh invested in the Premier Explosives stock three years ago would have turned into Rs 9.23 lakh today. In comparison, Sensex has risen 77.70 per cent during the period. The stock touched a record high of Rs 1026.40 on August 1, rising 9.41 per cent and a 52 week low of Rs 318 on August 4, 2022. The stock has gained 216% from its 52-week low. ....
Multibagger stock: The defence stock, which closed at Rs 114.3 on July 17, 2020 hit an all-time high of Rs 972.90 today, delivering 751% returns during the period. ....
The stock opened higher at Rs 829.95. After trading near the previous close of Rs 808.35 for a majority of the session, the defence stock hit upper circuit in the final hour of trade after the earnings were announced. ....