India's Pennar Industries hits 5-year high on order win

Pennar Industries

20/02/2023 04:19

** Shares of Pennar Industries Ltd  PENN.NS  rise as much as
6.1% to 78 rupees, highest since Jan. 9, 2018
    ** Engineering products and solutions co says it bagged
multiple orders worth 8.51 billion rupees ($102.95 million) from
companies like Reliance, Tata Power and Ashok Leyland
    ** Orders expected to be executed within next two quarters
    ** About 833,478 shares change hands by 9:33 a.m. IST vs
30-day avg of 1.2 million shares
    ** Stock crosses 50-, 100- and 200-day simple moving
averages
    ** Stock up 29.9% so far this year, as of last close 
($1 = 82.6575 Indian rupees)
 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com;))