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New orders boost Pennar Engineered Building Systems

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Capital Market
Last Updated : Mar 23 2016 | 1:47 PM IST

Pennar Engineered Building Systems spurted 10.55% to Rs 155.10 at 13:22 IST on BSE after the company said it has secured new orders worth Rs 120 crore.

The announcement was made during market hours today, 23 March 2016.

Meanwhile, the S&P BSE Sensex was down 83.47 points or 0.33% at 25,247.02.

On BSE, so far 5,049 shares were traded in the counter as against average daily volume of 1,877 shares in the past one quarter. The stock hit a high of Rs 163.20 and a low of Rs 142.30 so far during the day. The stock had hit a record high of Rs 178 on 28 September 2015. The stock had hit a record low of Rs 127 on 11 February 2016. The stock had underperformed the market over the past one month till 22 March 2016, advancing 1.15% compared with Sensex's 6.48% rise. The scrip had also underperformed the market in past one quarter, declining 10.92% as against Sensex's 1.02% fall.

The small-cap company has equity capital of Rs 34.27 crore. Face value per share is Rs 10.

Pennar Engineered Building Systems' net profit rose 96.3% to Rs 7.52 crore on 8% growth in net sales to Rs 116.49 crore in Q3 December 2015 over Q3 December 2014.

Pennar Engineered Building Systems is one of the leading companies in design, manufacture, supply and installation of cost-effective pre-engineered steel buildings and building components.

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First Published: Mar 23 2016 | 1:19 PM IST

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