Multibagger Stocks: Pennar Industries bags order worth Rs 702 crore, stock rallies over eight percent in morning deals
[ad_1]
On August 14, 2023, Pennar Industries received orders worth Rs 702 crore. These include orders for inland container depots, pre-engineered buildings, railways, steel, tubes and ascent buildings. The company plans to fulfill these orders over the next two quarters. The company has received orders from leading companies in various sectors. These include Tata Power, Saint Gobain, Tata Electronics, Godrej Boyce, Ashok Leylands, Yamaha, Emerson, Hindalco and Kirloskar Toyota. These orders reflect the presence of Pennar Industries in sectors such as railways and steel.
Apart from this, the company has received funding from Patton International, Interol India, RSB Transmissions, GAI Auto, Scott Industries, LMW, Nash Industries, Oriental Electrical, Innova Rubbers, Toyota Boschoku, San & San Auto, Koetz Technologies, Vardhman, Kumar Piyush and Steel Tube Investments. Orders have also been received. The business of Pennar Industries is spread across various sectors. The company manufactures precision engineering products, pre-engineered building systems, as well as hydraulics and warehousing solutions. It is witnessing heavy buying activity and has gained over 469% in the last three years. This trending stock can be monitored.
This article is powered by Dalal Street Investment Journal, India’s No. 1 Investment Magazine. Click here to get regular updates about Winning Stocks and Recommendations.
(Disclaimer: This above is third party content and TIL hereby disclaims any and all warranties, express or implied, relating to the same. TIL does not guarantee, vouch for or endorse any of the above content or its accuracy nor is responsible for it in The content does not constitute any investment advice or solicitation of any kind. Users are advised to check with certified experts before taking any investment decision and take all steps necessary to ascertain that any information and content provided is correct, updated and verified. .)
[ad_2]
Source link
