Pennar Industries shares jumped on Friday after the company along with its subsidiaries Pennar Engineered Building Systems (PEBS Pennar) and Pennar Enviro PEL) received orders to the tune of Rs 1.02 billion.

The companies received orders from L&T, HCC, Firestone TVS, Yamaha Electronics, Schindler India, UltraTech Cement, Orion Projects, Kohinoor, NSL and others.

Shares of Pennar Industries are trading at Rs 22.60, up Rs 2.75, or 13.85% at the Bombay Stock Exchange (BSE) on Friday at 11:16 a.m.

The scrip has touched an intra-day high of Rs 23.35 and low of Rs 21. The total volume of shares traded at the BSE is 59,381.

In the earlier session, the shares declined 0.5%, or Rs 0.10, at Rs 19.85.

Currently, the stock is trading down 21.93% from its 52-week high of Rs 28.95 and above 23.84% over the 52-week low of Rs 18.25.