India's Pennar Industries up on winning orders worth $80 mln

Pennar Industries

16/11/2023 07:11

** Shares of Pennar Industries  PENN.NS  rise 8.7% in their
biggest intraday pct gain since Oct. 18, to 111.95 rupees
    ** Engineering firm gets multiple orders worth 6.69 bln
rupees ($80.4 mln) across its various business verticals
    ** Earlier this month, PENN posted a 35% rise in Q2 net
profit
    ** More than 2.1 mln shares traded by 12:30 p.m. IST, 1.7x
their 30-day avg
    ** Stock last up 8.4%, taking YTD gains to ~97%


($1 = 83.2300 Indian rupees)

 (Reporitng by Nishit Navin in Bengaluru)
 ((nishit.navin@thomsonreuters.com;))