Pennar Engineered Building Systems soars after winning orders

Pennar Engineered Building Systems rose 12.99% to Rs 194.35 at 11:22 IST on BSE after the company said it bagged multiple orders worth total Rs 203 crore.

The announcement was made during trading hours today, 6 September 2016.

Meanwhile, the BSE Sensex was up 283.29 points, or 0.99%, to 28,815.40.

On BSE, so far 9,530 shares were traded in the counter, compared with average daily volume of 2,394 shares in the past one quarter. The stock hit a high of Rs 204 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 175 so far during the day. The stock hit a record low of Rs 127 on 11 February 2016. The stock had underperformed the market over the past 30 days till 2 September 2016, falling 7.23% compared with 2.95% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 14.70% as against Sensex's 6.29% rise.

The small-cap company has equity capital of Rs 34.27 crore. Face value per share is Rs 10.

Pennar Engineered Building Systems said it won an order for a 400,000 square foot warehouse from GMR for Amazon India, coming up at Rajiv Gandhi International Airport, Hyderabad. The project incorporates Pennar's Double Lok standing seam roofing system provided in collaboration with NCI, Inc.

Another order is for a 17-floor multi-story commercial complex at Hyderabad from Phoenix Group, Hyderbad. Further, it also won an order for a manufacturing facility for HAIER, China at Pune from Shapoorji Pallonji. Other orders are from Sun Pharma, Ultratech, L&T, Hetero Pharmaceuticals, Mussadilal Warehousing, Hero Future Energy and JBF Petrochemicals.

Pennar Engineered Building Systems' net profit rose 14.9% to Rs 4.40 crore on 14.2% growth in net sales to Rs 93.92 crore in Q1 June 2016 over Q1 June 2015.

Pennar Engineered Building Systems is one of the leading custom designed building systems solutions providers in India.

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