Multibagger stock below Rs 100: This small-cap bags orders worth Rs 851 crore!
The stock gave multibagger returns of 120.19 per cent in just 1 year whereas BSE small-cap Index rose by only 3.19 per cent.
Today, shares of Pennar Industries Ltd surged 10.21 per cent to a new 52-week high of Rs 81 per share. Today, the shares of the company ended the trading session higher, up 9.25 per cent to Rs 80.30 per share from its previous closing of Rs 73.50.
Pennar Group, a leading value-added engineering products and solutions company has bagged orders worth Rs 851 crore across its various business verticals. The company received orders in pre-engineered buildings (PEB) vertical, ascent buildings in USA vertical, interface control document (ICD) vertical, railways vertical, steel vertical and tubes vertical of the business.
Pennar Industries Limited is a multi-location, multi-product company manufacturing precision engineering products, pre-engineered building systems and hydraulics and warehousing solutions. Today, shares of the company saw a spurt in volume by more than 3.63 times on BSE.
Talking about the financials, the company has a market cap of Rs 1,124 crore. The company recently released its Quarterly Results wherein it reported excellent numbers. In Q3FY23, net sales and net profit rose by 29.83 per cent and 91 per cent respectively over Q3FY22.
The stock gave multibagger returns of 120.19 per cent in just 1 year whereas BSE Small-Cap Index rose by only 3.19 per cent. Investors should keep this small-cap stock under their watchlist.