India's Pennar Industries rises on order win

Pennar Industries

13/10/2022 07:27

** Shares of Indian engineering products and solutions co
Pennar Industries Ltd  PENN.NS  rise as much as 7.6% to 48.9
rupees, highest since Sept. 22
    ** Co says it bagged orders worth 11.67 billion Indian
rupees ($141.68 million) in September
    ** Orders expected to be executed within the next two
quarters
    ** Stock posts its biggest intraday pct gain since Sept. 2
    ** Stock set to rise for second straight session
    ** More than 1.4 million shares change hands by 0615 GMT vs
30-day avg of 977,428 shares
    ** Stock up 26.8% YTD up to last close
    ($1 = 82.3700 Indian rupees)
 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))