The Group’s flagship company Pennar Industries received multiple orders aggregating Rs 190 crore across its business verticals such as railways, tubes and industrial components.
The joint venture will help both the companies to increase their addressable market and contribute to an increase in revenue and profitability.
Balaji Amines' Q4 net profit slipped 23.2 percent at Rs 17.9 crore versus Rs 23.3 crore, while its total income increased 7.3 percent at Rs 193.1 crore versus Rs 179.9 crore.
The orders includes, order from Hetero Drugs for its Laboratory Building at Medak, Telangana and order from Solar Developer for its solar MMS project at Banda, UP.
Infosys | TCS | Wipro | Canara Bank | Dr Reddy's Labs | Idea Cellular | Lupin | Emami | ACC | Jet Airways | Novartis India | Quick Heal | Indian Hotels | CARE | Gravita India | OBC | Divis Labs | J&K Bank | JK Cement and Grasim are stocks, which are in the news today.
Centrum is bullish on Pennar Engineered Building Systems has recommended buy rating on the stock with a target price of Rs 191 in its research report dated December 14, 2016.
Zephyr Peacock India Fund III Limited sold 330,000 shares of Pennar Engineered Building Systems at Rs 150 per share on the BSE.
EID Parry has reported consolidated net profit of Rs 126.2 crore in the quarter ended September 2016 versus loss of Rs 4 crore, in the same quarter last fiscal.
ICICI Bank | Heritage Foods | Varun Beverages | BHEL | EID Parry | Britannia | Asahi India Glass | Asahi Songwon | Tata Metaliks | Dish TV | Sun TV | Den Networks | Hotel Leela and Everonn Education are stocks, which are in the news today.
Brahmaputra Infrastructure said it emerged as the lowest bidder for three orders worth around Rs 238 crore and received letter of award for Uttrakhand project worth Rs 49.8 crore.
L&T | JSW steel | Tata Steel | Oil India | ONGC | Siemens | Vedanta | Thomas Cook | Snowman Logistics | Fortis Healthcare | Jamna Auto | Gati | Triveni Turbines | Kirloskar Oil Engines | Bharat Forge | Deepak Fertilisers | Monsanto | Pennar Engineered Building | Suzlon and Oberoi Realty are stocks, which are in the news today.
The company has received orders from various customers, which includes order from Reliance Jio Infocomm for its 4G tower infrastructure at multiple locations in India and order from L&T Construction for its factory at Kanchipuram, Tamil Nadu.
Pennar Engineered Building Systems has reported a sales total income from operations of Rs 116.49 crore and a net profit of Rs 7.52 crore for the quarter ended Dec '15
Sun Pharma | M&M | ONGC | Coal India | Wipro | Hero Motocorp | BHEL | Trent | J Kumar Infra | Mercator | SREI Infrastructure | Lanco Infratech | Liberty Shoes | ABG Shipyard | Unitech | Punjab & Sind Bank | NALCO | BGR Energy | Ajmera Realty | Amtek Auto | Pennar Engineering and Wockhardt are stocks, which are in the news today.
This year, 18 companies that have so far launched IPOs have collectively raised nearly Rs 11,000 crore, making it the best in four years in terms of fund raising through initial hare sale programmes.
It is boom time in the IPO market with companies queuing with their public offers, but it is largely institutional investors who are taking the bait while retail investors and HNIs still appear to be cagey.
The stock opened tad below issue price at Rs 177.95 (day's high) and touched an intraday low of Rs 169.10.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - UPL, Rallis India, Glenmark Pharmaceutical, Torrent Pharmaceutical, Suven Life Sciences, Jindal Steel and Power Limited (JSPL), Uttam Galva, Bhushan Steel, Shree Pushkar Chemicals & Fertilisers & Pennar Engineered Building Systems.
After flat opening, the stock immediately locked at lower circuit. It was down 5 percent at Rs 169.10 (at 10:52 hours IST), the day's low point.
Sadbhav's IPO received bids for over 33.71 lakh shares compared with 2.86 crore on offer while that of Prabhat Dairy got bids for over 74.10 lakh shares as against a total issue size of more than 3.64 crore, data available with NSE till 1700 hours showed.
Building systems solutions provider Pennar Engineered Building's IPO comprises fresh issue of shares to raise about Rs 58 crore and an offer for sale by private equity investor Zephyr Peacock and others. It has fixed a price band of Rs 170 to Rs 178 for its IPO. At the top end of the price band, the IPO size works out to Rs 156 crore.
The issue consists of a fresh issue of Rs 58 crore and an offer for sale of up to 55,16,141 equity shares by the selling shareholders.