Pennar Industries rallied 4.46% to Rs 181.60 after the company decided to expand its manufacturing operations in the Northern part of India by establishing a new plant at Raebareli, Uttar Pradesh.

Pennar Inds hits record high after planning to expand PEB plant in UP

Pennar Industries Share Price: The uptick in stock price came after the company announced that it is expanding its manufacturing operations in the Northern part of India by establishing a new manufacturing plant at Raebareli, UP

Pennar Industries hits 52-week high on establishing plant in Rae Bareli

The share price rose 145 percent in the last one-year.

Pennar Industries shares hit 52-week high on orders worth Rs 702 crore

The company posted a 41 percent jump in March quarter net profit at Rs 23.34 crore, but lagged estimates.

Pennar Industries slips 5% as Q4 results lag estimates

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

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Strong financials and growth story over the years

Growth

Showing good signs of profitability & efficiency

Profitability

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.