Pennar Industries jumps on bagging orders worth Rs 498 crore
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Pennar Industries is currently trading at Rs. 40.30, up by 1.65 points or 4.27% from its previous closing of Rs. 38.65 on the BSE.
The scrip opened at Rs. 38.30 and has touched a high and low of Rs. 41.60 and Rs. 38.30 respectively. So far 233117 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 47.95 on 20-Jan-2022 and a 52 week low of Rs. 16.40 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 41.60 and Rs. 37.60 respectively. The current market cap of the company is Rs. 569.73 crore.
The promoters holding in the company stood at 37.71%, while Institutions and Non-Institutions held 0.20% and 62.09 % respectively.
Pennar Group has bagged orders worth Rs 498 crore across its various business verticals including Railways, Tubes and Steel. The orders have been received during the months of February and March 2022 and are expected to be executed within the next two quarters.
Pennar Industries 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.
