Pennar Industries zooms on bagging orders worth Rs 517 crore

20 Nov 2020 Evaluate

Pennar Industries is currently trading at Rs. 19.75, up by 2.15 points or 12.22% from its previous closing of Rs. 17.60 on the BSE.

The scrip opened at Rs. 17.65 and has touched a high and low of Rs. 21.00 and Rs. 17.55 respectively. So far 69371 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 31.20 on 05-Dec-2019 and a 52 week low of Rs. 11.40 on 26-Mar-2020.

Last one week high and low of the scrip stood at Rs. 21.00 and Rs. 16.45 respectively. The current market cap of the company is Rs. 253.05 crore.

The promoters holding in the company stood at 37.69%, while Institutions and Non-Institutions held 16.23% and 46.08% respectively.

Pennar Industries has bagged orders worth Rs 517 crore across its business verticals during the quarter ending September 30, 2020. The Pre-Engineered Building vertical received orders for construction of manufacturing facilities, ware houses, solar P V Modules, power plant structures from various companies like Kaizen Industries, Asian Fabtec, Ambuja Cements, Azure and others. The current order book position for Pre -engineered buildings business unit stands at Rs 280 crore.

The Railways vertical received orders from BEML, Rites, Integrated Coach Factory, Universal Engineering and others. The current order book position for the Railways business unit is at Rs 249 crore. The Steel vertical has received orders from Thermax, Sterling LGB, IFB, Toshiba, Adani Green Energy, L&T Solar and India Cements.

The Industrial Components vertical received orders for Hydraulic cylinders from Bailey. Other customers are Emerson, Endurance, Elkhart, INEL, Wabco, Yamaha, Kone, Elkhart and Haldex. The Tubes vertical has received orders from Thermax, Forbes, Alf Engg, TVS ancillaries, LMW, Bajaj ancillaries and others.

Pennar Industries is one of India’s leading industrial organizations offering specialized, engineering steel solutions. The company is a multi-location, multi-product company manufacturing cold rolled steel strips & tubes, cold rolled formed sections, electrostatic precipitators, pre-engineered building systems, sheet metal components and road safety systems.

Pennar Industries Share Price

169.40 25.95 (18.09%)
07-Jun-2024 16:01 View Price Chart
Peers
Company Name CMP
JSW Steel 910.00
Tata Steel 178.95
SAIL 152.80
Jindal Stainless 794.75
Jindal Saw 555.15
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.