Pennar Industries shines at the bourses by admin- Monday, April 15th, 2019 04:13:57 PM
Pennar Industries is presently buying and selling at Rs. 39.70, up via 1.Sixty five factors or four.34% from its previous remaining of Rs. 38.05 at the BSE.
The scrip opened at Rs. 38.25 and has touched a excessive and coffee of Rs. 39.70 and Rs. 38.20 respectively. So a ways 5243 stocks have been traded on the counter.
The BSE group ‘B’ inventory of face fee Rs. 5 has touched a fifty two week high of Rs. Sixty two.Sixty five on 30-Apr-2018 and a fifty two week low of Rs. 29.80 on 18-Feb-2019.
Last one week high and low of the scrip stood at Rs. 39.70 and Rs. 36.Ninety five respectively. The present day market cap of the organisation is Rs. 460.34 crore.
The promoters preserving inside the company stood at 36.41%, even as Institutions and Non-Institutions held 20.02% and forty three.57% respectively.
Pennar Industries is scaling up its hydraulic cylinders to 2 hundred,000 cylinders consistent with annum from the modern ability of seventy five,000 cylinders pa. The enterprise caters to each, the home in addition to worldwide call for for hydraulic cylinders that locate packages in agricultural, forestry, creation gadget, cloth managing, tippers and trailers, aerospace and defence industries.
The new plant might be prepared to produce one hundred fifty,000 cylinders consistent with annum with scope to expand up to 2 hundred,000 cylinders as the call for will increase. The business enterprise has more than 25 home and international customers for hydraulics, which includes reputed OEMs, distribution and engineering organizations in the international. The agency is augmenting the ability in a brand new 45,000 sq. Toes. State of the artwork plant at its existing Hydraulics production facility at Periyapalayam in Chennai. The plant will be absolutely equipped with complete infrastructure and satisfactory in elegance equipment and testing system to layout, engineer and manufacture excessive best hydraulic cylinders.