Pennar Industries, engaged in engineered metal products and pre-engineered buildings, witnessed a rise in share price on Wednesday after the company and its subsidiaries Pennar Engineered Building Systems (PEBS Pennar) and Pennar Enviro have announced receipt of orders worth Rs 1.5 billion.

Shares of the company are trading at Rs 53.90, up Rs 0.55, or 1.03% at the Bombay Stock Exchange (BSE) on Wednesday at 2:09 p.m.

The scrip has touched an intra-day high of Rs 55.55 and low of Rs 52.65. The total volume of shares traded at the BSE is 377,020.