Moneycontrol
Sep 14, 2012 03:41 PM IST | Source: Moneycontrol.com

Pennar Industries gains 3% on orders

Shares of Pennar Industries gained as much as 3% intraday on Friday as the company has received orders from Ultratech Cements, Kirloskar Pneumatic and others amounting to Rs 60 crore.

Pennar Industries gains 3% on orders

Shares of Pennar Industries gained as much as 3% intraday on Friday as the company has received orders from Ultratech Cements, Kirloskar Pneumatic and others amounting to Rs 60 crore.

The company said it has received repeat order from Aditya Birla Group’s Ultratech Cements for the design, manufacture, supply and installation of three buildings; and Jampana Constructions for the design, manufacture, supply and installation of steel structures for a Government of India Advance Training Project.

It has also received orders from Kirloskar Pneumatic for its building manufacturing unit near Pune; Navayuga Engineering for the design, manufacture, supply and installation of a missile storage facility for DRDO; and Rohan Builders for a manufacturing unit meant for Nipro India Corporation (a Japanese company) for their upcoming project in Shirwal, Maharastra.

At 15:22 hours IST, the share was quoting at Rs 25.30, up Rs 0.15, or 0.60% after hitting an intraday high of Rs 25.90.

Even its trading volumes increased 180% to 52,757 equity shares as compared to its 5-day average of 18,853 shares.

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