Pennar Industries rose 1.78% to Rs 54.30 at 12:42 IST on BSE after the company along with its subsidiaries received orders worth Rs 150 crore.
The new orders were announced during market hours today, 25 February 2015.
Meanwhile, the S&P BSE Sensex was up 190.99 points or 0.66% at 29,195.65.
On BSE, so far 3.38 lakh shares were traded in the counter as against average daily volume of 2.67 lakh shares in the past one quarter.
The stock hit a high of Rs 55.55 and a low of Rs 52.65 so far during the day. The stock had hit a 52-week high of Rs 67.85 on 20 January 2015. The stock had hit a 52-week low of Rs 19 on 12 March 2014.
The stock had underperformed the market over the past one month till 24 February 2015, sliding 14.16% compared with the Sensex's 0.94% fall. The scrip had also underperformed the market in past one quarter, declining 8.8% as against Sensex's 1.77% rise.
The small-cap company has equity capital of Rs 60.17 crore. Face value per share is Rs 5.
Pennar Industries and its subsidiaries Pennar Engineered Building Systems (PEBS Pennar) and Pennar Enviro have announced receipt of orders worth Rs 150 crore. The companies received orders from Phoenix, UltraTech Cement, IOT Anwesha Engineering & Construction, JSW Cement, Dhunseri Petrochem, United Spirits, Azure Power, Mahindra EPC, Sterling Wilson, L&T GeoStructure, Integral Coach Factory, Texmaco, Besco among others, Pennar Industries said in a statement.
Pennar Industries' Vice Chairman and Managing Director Aditya Rao said that the company's order book across all the divisions is increasing.
Pennar Industries' consolidated net profit rose 21.1% to Rs 7.70 crore on 7.8% growth in net sales to Rs 305.72 crore in Q3 December 2014 over Q3 December 2013.
Pennar Industries is one of the leading engineering organizations in India, well known for its expertise in providing engineered products & services.
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