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Pennar Industries surges on getting nod to set up JV in USA

20 Jun 2017 Evaluate

Pennar Industries is currently trading at Rs. 56.15, up by 1.65 points or 3.03% from its previous closing of Rs. 54.50 on the BSE.

The scrip opened at Rs. 54.55 and has touched a high and low of Rs. 56.80 and Rs. 54.45 respectively. So far 152093 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 58.00 on 09-Jun-2017 and a 52 week low of Rs. 39.50 on 21-Nov-2016.

Last one week high and low of the scrip stood at Rs. 57.10 and Rs. 54.00 respectively. The current market cap of the company is Rs. 672.75 crore.

The promoters holding in the company stood at 36.36%, while Institutions and Non-Institutions held 23.53% and 40.11% respectively.

Pennar Industries has received approval from its executive finance committee for setting up joint venture (JV) in United States of America (USA) to supply their goods and services. The company’s executive finance committee gave approval for the same at its meeting held on June 20, 2017.

Pennar 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

171.95 -3.35 (-1.91%)
20-Apr-2026 10:02 View Price Chart
Peers
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