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Shares of Premier Explosives tumbled as low as 15% on Wednesday following a fatal explosion at the company’s Telangana unit.
The incident, which has killed three workers and injured six, marks the company’s second major safety breach in 2025 after a January reactor blast.
The stock, which had closed at ₹467 on Monday, slipped to an intraday low of ₹383 before trimming some losses in afternoon trade.
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Despite the sharp fall, Premier has gained 20% over the past month, with Stocktwits data showing ‘extremely bullish’ retail sentiment on the counter.

SEBI-registered research analyst Prabhat Mittal took to Stocktwits to share a technical perspective on the stock’s behavior.
He pointed out that Premier had formed a triple bottom around ₹309 on the short-term chart and was trading above all key moving averages until the recent fall.
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According to him, the overall setup still looks structurally strong.
Mittal advises traders to consider accumulating the stock in the ₹390–₹380 zone, with a strict stop-loss at ₹359.
He believes that if the technical support holds, the stock could rebound toward targets of ₹480 and ₹500 in the near term.
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Premier Explosives shares have fallen 21% year-to-date (YTD).
For updates and corrections, email newsroom[at]stocktwits[dot]com.
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