Pennar Industries is currently trading at Rs 21.70, up by 0.05 points or 0.23% from its previous closing of Rs 21.65 on the BSE.
The scrip opened at Rs 22.05 and has touched a high and low of Rs 22.05 and Rs 21.50 respectively. So far 5277 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs 30.00 on 05-Dec-2012 and a 52 week low of Rs 20.00 on 27-Sep-2013.
Last one week high and low of the scrip stood at Rs 23.80 and Rs 21.50 respectively. The current market cap of the company is Rs 261.70 crore.
The promoters holding in the company stood at 40.07% while Institutions and Non-Institutions held 29.86% and 30.06% respectively.
Pennar Industries is aiming to achieve 10% of income from exports over the next five years. The company is planning to garner Rs 5,000-crore revenue mark on the back of diversification into hydraulics and infrastructure sectors.
At present, the company’s infrastructure business contributes to 40% of its revenues, while railway and automobiles which were the major contributors so far have shown a decline to 13% and 22%, respectively. Recently, the engineering steel equipment-manufacturer made a foray into the hydraulic equipment market by acquiring assets of Wayne-Burt Petro Chemicals, earlier known as Bailey Hydropower, a hydraulics cylinder manufacturing company in Chennai for Rs 15 crore.
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).
