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PENNAR INDUSTRIES Gains 7%; BSE METAL Index Up 0.9%
Wed, 21 Aug 13:49

PENNAR INDUSTRIES Gains 7%; BSE METAL Index Up 0.9%Image source: ipopba/www.istockphoto.com

PENNAR INDUSTRIES share price has zoomed 7% and is presently trading at Rs 192.7.

Meanwhile, the BSE METAL index is at 32,041.5 (up 0.9%).

Among the top gainers in the BSE METAL index today are Vedanta (up 2.5%) and Hindalco (up 2.4%).

Tata Steel (down 1.1%) and NMDC (down 0.5%) are among the top losers today.

Over the last one year, PENNAR INDUSTRIES has moved up from Rs 108.8 to Rs 192.7, registering a gain of Rs 83.9 (up 77.1%).

On the other hand, the BSE METAL index has moved up from 21,267.9 to 32,041.5, registering a gain of 50.7% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Coal India (up 131.8%), Vedanta (up 95.2%) and NMDC (up 88.5%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 80,748.8 (down 0.1%).

The top losers among the BSE Sensex today are Ultratech Cement (down 1.6%) and Tata Steel (down 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,724.2 (up 0.1%). Divis Laboratories and Titan are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 80,748.8, registering a gain of 15,532.7 points (up 23.8%).

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 2023, PENNAR INDUSTRIES reported 80.0% increase in net profit to Rs 754 million compared to net profit of Rs 419 million during FY22. Revenue of the company grew 27.8% to Rs 28,946 million during FY23.

The current Price to earnings ratio of PENNAR INDUSTRIES, based on rolling 12 month earnings, stands at 25.3.

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