Pennar Industries, Subsidiaries Get Orders Worth Rs 255 crore
DSIJ Intelligence / 13 Jun 2017
Pennar Industries Limited is engaged in the manufacturing of steel products, including Cold Rolled Steel Strips (CRSS) and Cold Formed Metal Profiles.
Pennar Industries Limited is engaged in the manufacturing of steel products, including Cold Rolled Steel Strips (CRSS) and Cold Formed Metal Profiles. On Tuesday, Pennar Industries informed the bourses that the company along with its subsidiaries viz. Pennar Engineered Building Systems and Pennar Enviro have received orders worth Rs 255 crore.
At Rs 57 per share at 1057 hours IST on BSE, the company’s stock was trading higher by 1%. It hit a high of Rs 58 and a low of Rs 56.20 so far during the day.
Delivering a return of more than 30%, in a period of 1 year, Pennar Industries has also outperformed both BSE small-cap and BSE Metal index over the same period. The market capitalisation of the company is Rs 696.76 crore.
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