MoneyWorks4Me

Pennar Industries shines on receiving orders worth Rs 102 crore

28 Mar 2014 Evaluate

Pennar Industries is currently trading at Rs. 22.80, up by 2.95 points or 14.86% from its previous closing of Rs. 19.85 on the BSE.

The scrip opened at Rs. 21.00 and has touched a high and low of Rs. 23.35 and Rs. 21.00 respectively. So far 62,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 28.95 on 10-Jun-2013 and a 52 week low of Rs. 18.25 on 24-Dec-2013.

Last one week high and low of the scrip stood at Rs. 23.35 and Rs. 19.30 respectively. The current market cap of the company is Rs. 278.00 crore.

The promoters holding in the company stood at 40.59% while Institutions and Non-Institutions held 30.20% and 29.21% respectively.

Pennar Industries, along with its subsidiaries Pennar Engineered Building Systems (PEBS) and Pennar Enviro (PEL) have received orders worth Rs 102 crore. The companies received orders from L&T, HCC, Firestone TVS, Yamaha Electronics, Schindler India, UltraTech Cement, Orion Projects, Kohinoor, NSL and others.

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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