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Pennar Industries shines on bagging orders worth Rs 105 crore

17 Jun 2014 Evaluate

Pennar Industries is currently trading at Rs. 36.50, up by 1.20 points or 3.40% from its previous closing of Rs. 35.30 on the BSE.

The scrip opened at Rs. 35.00 and has touched a high and low of Rs. 36.80 and Rs. 34.85 respectively. So far 19741 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 5 has touched a 52 week high of Rs. 42.00 on 23-May-2014 and a 52 week low of Rs. 18.25 on 24-Dec-2013.

Last one week high and low of the scrip stood at Rs. 37.95 and Rs. 35.00 respectively. The current market cap of the company is Rs. 441.68 crore.

The promoters holding in the company stood at 40.59% while Institutions and Non-Institutions held 30.20% and 29.20% respectively.

Pennar Industries has bagged orders worth Rs 105 crore along with its subsidiaries Pennar Engineered Building Systems (PEBS Pennar) and Pennar Enviro (PEL). The companies received orders from various entities like Ultratech, Reliance Industries, Abhir Infra, Integral Coach Factory (ICF), BGR Energy, JSW and SRK Engineering.

Pennar Industries is engaged in the manufacturing of Cold Rolled Steel Strips (CRSS) and value-added products under Cold Rolled Formed Sections (CRFS) like precision tubes, engineered components, road safety systems, parts of railway coaches and Electro Static Precipitators (ESP).

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