India's Pennar Industries rises on Q1 profit rise

Pennar Industries

13/08/2024 08:12

** Shares of Pennar Industries  PENN.NS  rise as much as
3.2% to 184.83 rupees; last up 1.5%
    ** Steel strips and precision tubes maker posts a 21% rise
in June-qtr consol net profit
    ** PENN down ~6% so far in August, had gained 15% in July
for fourth straight month of gains
    ** Stock up ~47% YTD, had jumped ~120% in 2023 for third
straight year of gains


 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))