Multibagger Stock: This small-cap industrial products company bags multiple orders worth Rs 682 crore!
Shares of the company have gained about 25 per cent in the last six months.
On May 8, 2023, Pennar Industries Limited reported in the exchange filing that the company has bagged various orders in its different verticals worth Rs 682 crore. The first order is from its PEB vertical from Tata Steel, Hindustan Coca-Cola, API Squad Processing and Zim Laboratories.
The second order is from Ascent Buildings, USA from customers like S&S, J&S, Smithson, Gateway Building Systems, Griffin Contracting, Hayden Construction, Building Innovation Group, American Steel Buildings and S&S Contractors. The third order is from ICD vertical from its customers like Ashok Leyland, Yamaha, Emerson, Endurance, Haldex, Wabco, Tecumseh, SI Airspring, Kone, Fujitech, Schwing Stetter, INEL, Hydraulics, Elkhart, Kone, Sicor, Venus, Fleetguard, and Jost.
The fourth order is from Railways from customers like Ashok Leyland, Yamaha, Emerson, Endurance, Haldex, Wabco, Tecumseh, SI Airspring, Kone, Fujitech, Schwing Stetter, INEL, Hydraulics, Elkhart, Kone, Sicor, Venus, Fleetguard, and Jost. The fifth order is from the Tubes verticals of the company, from customers like ALF Engineering, Thermax, IFB Automotive, Hindalco, Kirloskar Toyota, Patton International, Interoll India, RSB Transmissions, GI Auto, Scott Industries, and Steel Tube Investments.
The sixth order is from the Steel vertical of the company, from Tata Power, Saint Gobain, Waree, Thermax, VECV, IFB Industries, Miba Drivetech, Contour Steel, JSSL, Prasad Seeds, Amar Raja Infra, PMG Structurals and JM Frictech.
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Pennar Industries Limited is a multi-location, multi-product company manufacturing precision engineering products, Pre-Engineered Building Systems and Hydraulics and Warehousing solutions. The shares of the company have delivered multibagger returns in last one year.