With a market worth of Rs. 1,141.56 Cr., Pennar Industries Ltd. is a small-cap company that engages in the industrial sector.

Multibagger stock hit a fresh 52-week-high on orders worth ₹851 Cr

Pennar Industries surged 8.23% to Rs 79.55 after the company said it has bagged orders worth Rs 851 crore across its various business verticals.

Pennar Inds spurts after order win

In the third quarter, the company’s strong topline and operational performance lifted its consolidated net profit nearly twofold on year to Rs 21.12 crore

Pennar Industries shares surge to 52-week high on orders worth Rs 851 crore

Pennar Industries At New 52-Week High, Bags Orders Worth Rs 851 Crore

Pennar Industries consolidated net profit rises 99.16% in the December 2022 quarter

Pennar Industries Ltd (PIL), on Wednesday said its consolidated profit after tax for the quarter ended December 31 was up by 97.2 per cent at Rs 21.12 crore compared to Rs 10.71 crore in Q3 FY22.

Pennar Industries’ PAT up by 97.2% at Rs 21 crores in December quarter

The city-based value-added engineering products and solutions company said net revenues during the quarter stood at Rs 692.22 crore up 29.9 per cent compared to Rs 532.97 crore in Q3 FY22.

Pennar Industries PAT up 97.2 % at Rs 21 crore in Q3

“As we are into results season, we will see stock-specific performance due to the actual results. In the midcap space, we like GHCL, Tata Chemicals, Vishnu Chemicals & rice exporting companies like KRBL & LT foods. One can also look at Shree Renuka Sugar LTD, Pennar Industries Ltd, Jindal Drilling a…

ETMarkets Smart Talk: In the result season, go stock-specific in mid & smallcaps: Arpit Jain, Arihant Capital

Pennar Industries jumped 5.84% to Rs 48 after the Pennar Group secured orders worth Rs 1167 crore across its various business verticals.

Pennar Inds soars on bagging orders worth Rs 1167 cr

Pennar Industries gained 2.93% to Rs 49.15 after the company secured orders worth Rs 511 crore across its various business verticals.

Pennar Industries rises on bagging orders worth Rs 511 Cr

Company’s top customers include Reliance, Yamaha, Venus, Fujitech, Integral Coach Factory, ALF Engineering, Hindalco, L&T, Saint Gobain, etc.

Pennar Industries climbs ~2% on securing orders worth Rs511 crore

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Pennar Industries Limited is engaged in providing engineered products and services. The Company is engaged in the manufacture of hot-rolled and cold-rolled products of steel.