New Delhi, April 22 -- Multibagger small-cap stock Premier Explosives gained 10% in Wednesday's intraday trade, 22 April, hitting a day's high of Rs.545.40 apiece, defying the weak market trend. The rally comes after the company secured a significant export order, boosting its revenue outlook.

In a regulatory filing today, the company informed investors that it has received export orders worth Rs.350.23 crore for the supply of defence products, to be executed over a period of two years.

The company did not disclose the client but said the order is from an international entity. In a separate filing, it also announced the cancellation of an earlier export order worth Rs.18.90 crore for the supply of defence explosives, which had been rece...