Pennar Industries is currently trading at Rs. 31.75, up by 1.20 points or 3.93% from its previous closing of Rs. 30.55 on the BSE.
The scrip opened at Rs. 31.20 and has touched a high and low of Rs. 32.30 and Rs. 31.20 respectively. So far 17397 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. 29.30 on 27-Feb-2012.
Last one week high and low of the scrip stood at Rs. 33.00 and Rs. 29.30 respectively. The current market cap of the company is Rs. 387.43 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 two orders aggregating worth Rs 13 crore. The company has received the first order from Continental India, which is a subsidiary of Continental AG, Germany. The order is for three buildings which will be used for manufacturing of tyres at their Meerut plant in UP.
The company has received the second contract from Utkal Green Energy for supply and installation of three buildings with a total covered area of 5093 sqm. This project is coming up at Choudwar, Cuttack, Orissa and these buildings are meant for manufacturing of Ash based light weight aggregates.
Recently, PEBS Pennar 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.
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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