Multibagger stock under Rs 100: This small-cap industrial products company bags multiple orders worth Rs 702 crore!

Shares of the company have gained about 22 per cent in the last six months.

On August 14, 2023, Pennar Industries Limited reported in the exchange filing that the company has bagged various orders in its different verticals worth Rs 702 crore. The first order is from its PEB vertical from SKB Builders, Anthea Pharma, Tata Electronics, Radiant Vyapaar, Powertech, Godrej Boyce, Revolve, and Indospace. 

The second order is from Ascent Buildings, USA from customers like S&S, SNW Steel, LDP Constructions, Metal Roofing Solutions, Rick Cox Constructions, Twin Shores, Gateway Building Systems, Gem Technologies, and Chattahochee Group.

The third order for the ICD vertical of the company from 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 ICF, Rites, Oriental, Wabtec, SCR, ECR, Titagarh, Daneili, and Texmaco.

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, LMW, Nash Industries, Oriental Electrical, and LMW.

The sixth order is from the Steel vertical of the company, from TTata Power, Saint Gobain, Waree, Thermax, VECV, IFB Industries, L G Balakrishnan, Johnson Lifts, Bimetal Bearings, Navayuga Engg, VRL, Jackson, Nash, Primex Plastics and JM Frictech.

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 of over 120 per cent in last one year.

Disclaimer: The article is for informational purposes only and not investment advice.