Pennar Industries slipped 4.95% to Rs 31.70 at 14:05 IST on BSE after 1.30 crore shares or 10.28% of the company’s equity changed hands in a block deal on BSE at a weighted average price of Rs 32.47 each.
The stock hit a high of Rs 34.10 and a low of Rs 31.70 so far during the day. The stock had hit a 52-week high of Rs 46.60 on 3 January 2008 and a 52-week low of Rs 20.10 on 2 November 2007.
The company has an equity capital of Rs 63.24 crore. Face value per share is Rs 5.
The current price of Rs 31.70 discounts its Q1 June 2008 annualised EPS of Rs 3.06, by a PE multiple of 10.36.
In an announcement to BSE, Pennar Industries today, 26 August 2008, said Hyderabad's JR Realtor Services had acquired 1.30 crore shares or 10.28% of its share capital.
Promoters hold 34.76% stake in the company (as on 30 June 2008)
Pennar Industries’ net profit rose 26.9% to Rs 9.66 crore on 37% increase in net sales to Rs 176.65 crore in Q1 June 2008 over Q1 June 2007.
The company is engaged in manufacturing steel products. The company manufactures cold rolled steel strips, cold formed metal profiles and pressed components. It exports to China, Indonesia, Belgium, Thailand, Nigeria, France, Brazil and Saudi Arabia.
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