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PENNAR INDUSTRIES Gains 5%; BSE METAL Index Up 1.3%
Mon, 2 Dec 15:55

PENNAR INDUSTRIES Gains 5%; BSE METAL Index Up 1.3%Image source: peterschreiber.media/www.istockphoto.com

PENNAR INDUSTRIES share price has zoomed 5% and is presently trading at Rs 219.6.

Meanwhile, the BSE METAL index is at 30,927.2 (up 1.3%).

Among the top gainers in the BSE METAL index today are JSW Steel (up 2.5%) and Vedanta (up 1.6%).

APOLLO TUBES (down 0.5%) and Hindustan Zinc (down 0.2%) are among the top losers today.

Over the last one year, PENNAR INDUSTRIES has moved up from Rs 124.8 to Rs 219.6, registering a gain of Rs 94.8 (up 76.0%).

On the other hand, the BSE METAL index has moved up from 24,068.4 to 30,927.2, registering a gain of 28.5% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 96.6%), Hindustan Zinc (up 67.5%) and Jindal Steel (up 37.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,248.1 (up 0.6%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 3.9%) and JSW Steel (up 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,275.3 (up 0.6%). Ultratech Cement and APOLLO HOSPITALS are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 80,248.1, registering a gain of 14,073.9 points (up 21.3%).

PENNAR INDUSTRIES Financial Update...

PENNAR INDUSTRIES net profit grew 20.2% YoY to Rs 269 million for the quarter ended September 2024, compared to a profit of Rs 224 million a year ago. Net sales declined 8.2% to Rs 7,476 million during the period as against Rs 8,141 million in July-September 2023.

For the year ended March 2024, PENNAR INDUSTRIES reported 30.4% increase in net profit to Rs 984 million compared to net profit of Rs 754 million during FY23. Revenue of the company grew 8.2% to Rs 31,306 million during FY24.

The current Price to earnings ratio of PENNAR INDUSTRIES, based on rolling 12 month earnings, stands at 27.6.


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