India's Pennar Industries rises after order wins worth $64 mln

Pennar Industries

08/09/2022 09:12

** Shares of Indian engineering products and solutions
company Pennar Industries Ltd  PENN.NS  rise 5.1% to 50.2
rupees, highest since Aug. 1, 2018
    ** Co says it bagged orders worth 5.11 bln rupees ($64.08
mln) in July and August across various business verticals
 urn:newsml:reuters.com:*:nFWN30E1GF
    ** Says orders expected to be executed within next two
quarters (https://bityl.co/EGWc)
    ** More than 2.1 mln shares change hands by 0741 GMT, 2.2x
30-day avg of 9,78,403 shares
    ** Stock up 33.1% this year, as of last close
($1 = 79.7480 Indian rupees)

 (Reporting by Atreya Raghavan in Bengaluru)
 ((Atreya.Raghavan@thomsonreuters.com; Mobile: +91 8527959656))