Premier Explosives Limited
HDFC Mutual Fund increased its stake in Premier Explosives Limited from 9.09% to 9.12%, with its shareholding rising from 4,888,455 to 4,904,216 shares.
A manufacturer of industrial explosives and detonators serving mining, construction, quarrying, and related sectors across India. The company also provides operation and maintenance services for solid propellant plants at ISRO's Sriharikota Centre and the Solid Fuel Complex under DRDO. Its integrated business model combining commercial explosives production with specialized defence sector support and technical services distinguishes it within India's chemicals and explosives industry.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.