Pennar Industries rose 2.41% to Rs 36.15 at 11:34 IST on BSE after the company along with its subsidiaries received orders worth Rs 105 crore.
The new orders were announced during market hours today, 17 June 2014.
Meanwhile, the S&P BSE Sensex was down 1.47 points or 0.01% at 25,189.01.
On BSE, so far 21,000 shares were traded in the counter as against average daily volume of 98,175 shares in the past one quarter.
The stock hit a high of Rs 36.80 and a low of Rs 34.85 so far during the day. The stock hit a 52-week high of Rs 42 on 23 May 2014. The stock hit a 52-week low of Rs 18.25 on 24 December 2013.
The stock had outperformed the market over the past one month till 16 June 2014, surging 27.44% compared with the Sensex's 4.43% rise. The scrip had also outperformed the market in past one quarter, jumping 75.62% as against Sensex's 15.5% rise.
The small-cap company has equity capital of Rs 60.24 crore. Face value per share is Rs 5.
Pennar Industries along with its subsidiaries Pennar Engineering Building Systems (PEBS Pennar) and Pennar Enviro (PEL) received orders worth Rs 105 crore. The companies received orders from Ultratech, Reliance Industries, Abhir Infra, Integral Coach Factory (ICF), BGR Energy, JSW and SRK Engineering among others.
Pennar Industries' consolidated net profit declined 16.8% to Rs 7.42 crore on 0.5% growth in net sales to Rs 317.66 crore in Q4 March 2014 over Q4 March 2013.
Pennar Industries is one of the leading engineering organizations in India, well known for its expertise in providing engineered products & services.
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