Pennar Industries is currently trading at Rs. 33.80, up by 0.70 points or 2.11% from its previous closing of Rs. 33.10 on the BSE.
The scrip opened at Rs. 33.65 and has touched a high and low of Rs. 34.05 and Rs. 33.30 respectively. So far 22,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 52.00 on 08-Apr-2011 and a 52 week low of Rs. 32.50 on 10-Feb-2012.
Last one week high and low of the scrip stood at Rs. 34.95 and Rs. 32.50 respectively. The current market cap of the company is Rs. 412.00 crore.
The promoters holding in the company stood at 39.40% while Institutions and Non-Institutions held 28.44% and 32.16% respectively.
Pennar Engineered Building Systems (PEBS Pennar), a subsidiary of Pennar Industries has received orders worth Rs 22 crore. PEBS Pennar has received major orders from Renault-Nissan through L&T, Cosmic Ferro Alloys, Hyderabad based AMR Constructions, Lotus Warehousing and Pragati Developers among others.
For AMR Constructions, the order is for four warehouses which are spread across Andhra Pradesh in an area of 11,400 square meters. The project is to be executed in 6 months. The warehouses are the first set in a number of warehouses planned across the state.
From L&T for Renault-Nissan, the order is of roofing for Renault - Nissan's automobile manufacturing facility in Chennai spread over an area of 39,000 square meters and is expected to be completed by July 2012. Another order is for Cosmic Ferro’s factory in West Bengal, the factory will be spread in an area of approximately 7,000 square meters, with multi spans and 30 MT cranes. The project is expected to be executed in 6 months.
Further, the company has bagged another order of Lotus Warehousing for its warehouse in Bangalore. The building is spread across an area of approximately 8,500 square meters. The project is expected to be completed in 3 months. Finally, the last order is of Pragati Developers for its warehouse in Bhiwandi, Maharastra. The warehouse is spread across an area of approximately 5,300 square meters and is expected to be completed in 4months.
PEBS Pennar is a leading player in the pre-engineered steel buildings sector. It is involved in the design, manufacture, supply and installation of pre engineered steel buildings.
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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