/ Pennar Industries To Hold 70% In Pennar Renewables Stocks Up 1.56% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 21 December 2016


Pennar Industries Ltd is currently trading at Rs 42.4, up by Rs 0.65 or 1.56% from its previous closing of Rs 41.75 on the BSE. Pennar Industries Limited informed the exchange that as per the terms and understanding reached with the existing investors of its subsidiary viz., Pennar Renewables, the final shareholding of Pennar Industries in Pennar Renewables will be 70%.

This will be achieved in one or more transactions, according to a company release. The scrip opened at Rs 41.4 and has touched a high and low of Rs 42.4 and Rs 41.05 respectively. So far 97417(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 502.46 crore.

The scrip opened at Rs 41.4 and has touched a high and low of Rs 42.4 and Rs 41.05 respectively. So far 109633(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 502.46 crore.

The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs 61.35 on 12-Jan-2016 and a 52 week low of Rs 38.5 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs 44 and Rs 41.4 respectively.

The promoters holding in the company stood at 36.36 % while Institutions and Non-Institutions held 23.74 % and 39.91 % respectively. The stock is currently trading below its 50 DMA.

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