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PENNAR INDUSTRIES Gains 9%; BSE METAL Index Up 1.7%
Fri, 18 Oct 13:42

PENNAR INDUSTRIES Gains 9%; BSE METAL Index Up 1.7%Image source: Sefa Ozel/www.istockphoto.com

PENNAR INDUSTRIES share price has zoomed 9% and is presently trading at Rs 200.8.

Meanwhile, the BSE METAL index is at 33,158.4 (up 1.7%).

Among the top gainers in the BSE METAL index today are Jindal Steel (up 4.1%) and NMDC (up 3.1%).

Hindustan Zinc (down 0.7%) is among the top losers today.

Over the last one year, PENNAR INDUSTRIES has moved up from Rs 106.6 to Rs 200.8, registering a gain of Rs 94.3 (up 88.5%).

On the other hand, the BSE METAL index has moved up from 23,515.5 to 33,158.4, registering a gain of 41.0% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 108.7%), Coal India (up 57.4%) and Hindustan Zinc (up 56.8%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 81,312.9 (up 0.4%).

The top gainers among the BSE Sensex today are Axis Bank (up 6.0%) and Tata Motors (up 2.6%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,858.1 (up 0.4%). Axis Bank and Wipro are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,166.9 to 81,312.9, registering a gain of 15,146.0 points (up 22.9%).

PENNAR INDUSTRIES Financial Update...

PENNAR INDUSTRIES net profit grew 21.0% YoY to Rs 264 million for the quarter ended June 2024, compared to a profit of Rs 218 million a year ago. Net sales declined 2.1% to Rs 7,335 million during the period as against Rs 7,489 million in April-June 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 26.3.


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