India's Pennar Industries hits record high on order wins

Pennar Industries

16/08/2023 06:14

** Shares of Pennar Industries  PENN.NS  rise as much as
11.19% to a record high of 96.35 rupees
    ** Engineering firm secures multiple orders worth 7.02 bln
rupees across its various business verticals
    ** Stock most active since Oct. 14, 2022, with a trading
volume of 6.54 mln shares as of 10:33 a.m. IST - Refinitiv
    ** Stock's relative strength index rises above 70 on
Wednesday, suggesting it may be overbought
    ** Including day's gains, PENN up 37.15% in 2023 so far

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))