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Pennar Industries spurts on bagging multiple orders worth Rs 50 crore

23 Apr 2013 Evaluate

Pennar Industries is currently trading at Rs 25.75, up by 0.40 points or 1.58% from its previous closing of Rs 25.35 on the BSE.

The scrip opened at Rs 25.50 and has touched a high and low of Rs 26.40 and Rs 25.50 respectively. So far 10787 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs 32.00 on 03-May-2012 and a 52 week low of Rs 24.00 on 25-Mar-2013.

Last one week high and low of the scrip stood at Rs 27.00 and Rs 25.25 respectively. The current market cap of the company is Rs 311.77 crore.

The promoters holding in the company stood at 40.16% while Institutions and Non-Institutions held 29.78% and 30.07% respectively.

Pennar Industries has received orders worth Rs 50 crore for Cold Formed Profiles, Tubes and Engineered Components. The orders received from Integral Coach Factory, Chennai, a unit of Indian Railways was for supply of railway coach sections and sub assemblies, while from Texmaco, a Heavy Engineering and Steel Foundry products, was for Rail Wagons.

Meanwhile, the company bagged an order from J Kumar Infra Projects (Mumbai), for sheet piles; supplies to be sent to Delhi Metro Rail.  ALF Engineering, a leading OE manufacturer of automotive Chassis, placed the order for the supply of tubes for M&M body frames.

Additionally, order received from IVRCL (Pune), an engineering procurement and construction company, was for Deck Sheets for power projects and finally, IJM (India) Infrastructure a Malaysian Multinational, also placed order for safety barriers for their Vijayawada Road Project.

Pennar Industries is one of India’s leading industrial companies engaged in the production and marketing of specialized engineered steel solutions. The Company has a strong presence across growth sectors in India through four operating divisions, Engineered Products, Cold Rolled Steel Strips, Heavy Engineering Products and Infrastructure Products, and a subsidiary company, Pennar Engineered Building Systems.

Pennar Industries Share Price

175.30 1.80 (1.04%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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