Pennar Industries surges upon bagging orders worth Rs 688 crore
These orders are expected to be executed within the next two quarters.
Pennar Group, a leading value-added engineering products and solutions company announced today that it has secured orders worth Rs 688 crore across its various business verticals. The company has received orders in various verticals such as steel, tubes and railways. The orders have been received during April, May and June 2022. They are expected to be executed within the next two quarters.
Today, the scrip opened at Rs 36.50 and has touched a high and low of Rs 40.70 and Rs 36.50, respectively. So far 1,59,920 shares have been traded on the bourses.
The company is a part of Group 'B' of BSE. Having a face value of Rs 5 per equity share, the scrip touched a 52-week high of Rs 47.95 on 20 January 2022 and plunged to a 52-week low of Rs 25.70 on 29 November 2021.
During the last week, the company’s scrip touched a high and low of Rs 40.70 and Rs 36.65, respectively. The current market cap of the company stands at Rs 566.08 crore.
Looking at the shareholding pattern, the promoters holding in the company stands at 37.71%, whereas Institutions and Non-Institutions held 0.20% and 62.09% stake, respectively.
The company is currently trading at a TTM PE of 15.36x as against the industry PE of 5.33x. In FY22, it delivered an ROE and ROCE of 4.72% and 14.69%, respectively.
Pennar Industries is one of the country’s leading industrial organizations that provides 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.
At the closing bell, Pennar Industries Ltd was trading at Rs 39.95 a piece, up by 2.45 points or 6.53% from its previous closing of Rs. 37.50 on the BSE.
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7555.70 | -82.4 (-1.08%) |
| CAC 40 | 8022.41 | -0.85 (-0.01%) |
| DAX | 17737.36 | -100.04 (-0.56%) |
| Dow Jones | 37922.34 | 146.96 (0.39%) |
| FTSE 100 | 7895.22 | 12.39 (0.16%) |
| Hang Seng | 16224.15 | -161.73 (-0.99%) |
| US Tech Composite | 15340.38 | -266.12 (-1.71%) |
| Nikkei 225 | 37068.28 | -1011.35 (-2.66%) |
| S&P 500 | 4970.89 | -40.23 (-0.8%) |
| Gift Nifty | 22172.00 | 157 (0.71%) |
| Shanghai Composite | 3065.26 | -8.96 (-0.29%) |
| Taiwan Weighted | 19527.12 | -774.08 (-3.81%) |
| US 30 | 37969.10 | 240.5 (0.64%) |
Start Investing in 5 mins*
Rs. 20 Flat Per Order | 0% Brokerage
