Pennar Industries surged 3.29% to Rs 25.15 at 15:01 IST on BSE, after a block deal of 98 lakh of equity shares was struck on the counter on BSE at Rs 24.30.
A block deal constituted 7.75% of the company's equity.
The stock hit a high of Rs 25.40 and a low of Rs 24 so far during the day. The stock has a 52-week high of Rs 46.60 on 3 January 2008 and a 52-week low of Rs 18.15 on 15 October 2008.
The company's current equity is Rs 63.24 crore. Face value per share is Rs 5.
The current price of Rs 25.15 discounts the company's Q2 September 2008 annualized EPS of Rs 3.17, by a PE multiple of 7.93.
Pennar Industries' net profit rose 74.7% to Rs 10.03 crore on 34.1% increase in net sales to Rs 171.50 crore in Q2 September 2008 over Q2 September 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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