India's Pennar Industries hit record high on setting up manufacturing plant

Pennar Industries

02/07/2024 07:07

** Shares of Pennar Industries  PENN.NS  rose as much as
10.3% to a record 191.7 rupees
    ** Last up 5.5%; on track to climb in third straight session
if trend holds
    ** Engineering firm says it is establishing new
manufacturing plant in India's Uttar Pradesh state with
production capacity of 36,000 MT per annum
    ** PENN up ~47% YTD, rivals NBCC (India)  NBCC.NS  and
Engineers India  ENGI.NS  up ~96% and ~53%

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))