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Pennar Industries gains after winning orders

Capital Market 

Pennar Industries rose 1.63% to Rs 68.60 at 15:04 IST on BSE after the company said that it received orders worth Rs 210 crore across its business units.

The announcement was made during trading hours today, 27 November 2017.

Meanwhile, the S&P BSE Sensex was up 40.92 points, or 0.12% to 33,720.16.

On the BSE, 2.39 lakh shares were traded in the counter so far, compared with average daily volumes of 1.52 lakh shares in the past one quarter. The stock had hit a high of Rs 70 and a low of Rs 65.55 so far during the day. The stock hit a 52-week high of Rs 78.60 on 6 November 2017. The stock hit a 52-week low of Rs 39.90 on 26 December 2016.

On a consolidated basis, net profit of Pennar Industries rose 12.45% to Rs 10.48 crore on 12.08% rise in net sales to Rs 422.50 crore in Q2 September 2017 over Q2 September 2016.

Pennar Industries offers specialized, engineered steel solutions.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 27 2017. 15:01 IST
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