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PENNAR INDUSTRIES Gains 5%; BSE METAL Index Up 0.2%
Wed, 6 Nov 10:8

PENNAR INDUSTRIES Gains 5%; BSE METAL Index Up 0.2%Image source: ipopba/www.istockphoto.com

PENNAR INDUSTRIES share price has zoomed 5% and is presently trading at Rs 207.7.

Meanwhile, the BSE METAL index is at 31,753.4 (up 0.2%).

Among the top gainers in the BSE METAL index today are APOLLO TUBES (up 1.8%) and JSW Steel (up 1.3%).

Hindustan Zinc (down 7.5%) and Tata Steel (down 0.9%) are among the top losers today.

Over the last one year, PENNAR INDUSTRIES has moved up from Rs 106.4 to Rs 207.7, registering a gain of Rs 101.3 (up 95.3%).

On the other hand, the BSE METAL index has moved up from 22,728.7 to 31,753.4, registering a gain of 39.7% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 100.1%), Hindustan Zinc (up 74.7%) and Jindal Steel (up 52.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,060.2 (up 0.7%).

The top gainers among the BSE Sensex today are HCl Tech. (up 3.1%) and Infosys (up 3.1%). The most traded stocks in the BSE Sensex are ITC and Infosys.

In the meantime, NSE Nifty is at 24,401.2 (up 0.8%). Trent and HCl Tech. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 80,060.2, registering a gain of 15,101.5 points (up 23.2%).

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 27.2.


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