Pennar Industries, one of India's leading industrial organizations offering specialized, engineering steel solutions have announced major receipt of orders worth Rs 2.10 billion across its business units.
The company's subsidiaries Pennar Engineered Building Systems and Pennar Enviro too have secured various orders.
The stock had underperformed the market over the past one month till Nov. 27, 2017, falling 8.60% compared with the Sensex's 1.71% rise. It outperformed the market in past one quarter, gaining 9.49% as against 6.74% rise in the Sensex.
Shares of the company gained Rs 0.7, or 1.02%, to trade at Rs 69.65. The total volume of shares traded was 40,793 at the BSE (10.06 a.m., Tuesday).