{"id":91183,"date":"2023-02-20T14:00:00","date_gmt":"2023-02-20T08:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=91183"},"modified":"2023-02-20T13:41:07","modified_gmt":"2023-02-20T08:11:07","slug":"multibagger-stock-jumps-8-as-it-bags-order-worth-%e2%82%b9-851-cr-from-top-indian-companies","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-stock-jumps-8-as-it-bags-order-worth-%e2%82%b9-851-cr-from-top-indian-companies\/","title":{"rendered":"Multibagger stock jumps 8% as it bags order worth \u20b9 851 Cr from top Indian companies \u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-477051387\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Pennar Industries, a leading value-added engineering products and solutions company has bagged orders worth \u20b9 851 crores across its various business verticals. Following the news, its share price zoomed 8.37% to reach an intraday high of \u20b9 79.65 apiece on the National Stock Exchange (NSE).&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-952198005\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>According to the exchange filing, the company received these orders from bluechip companies like Reliance Industries, Ashok Leyland, Hindalco and Tata Power. In addition to these companies, there were many other well-known companies that have placed orders in verticals like PEB, ICD, railways, tubes, steel and Ascent Buildings, USA. These orders are expected to be executed within the next two quarters.&nbsp;<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/PENIND\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Pennar Industries<\/a><\/strong> is a small-cap company with a market capitalization of \u20b9 992 crores. The order that it has received is greater than its free-float market capitalization. Free-float market capitalization is lower than a company\u2019s market capitalization as it considers only those shares that are available for trade. It excludes shares owned by promoters, the government and trusts, as these entities do not sell shares as often.\u00a0<\/p><p>The company has given multibagger returns of 117% in the past year, as its share price increased from \u20b9 36.00 to \u20b9 79.65 apiece. Therefore if an investor would have invested \u20b9 1 lakh in the company\u2019s shares a year ago, the value of their holdings would have been \u20b9 2.17 lakhs today!&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2042945707\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3742044284\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Pennar Industries, a leading value-added engineering products and solutions company has bagged orders worth \u20b9 851 crores across its various business verticals. Following the news, its share price zoomed 8.37% to reach an intraday high of \u20b9 79.65 apiece on the National Stock Exchange (NSE).&nbsp; According to the exchange filing, the company received these orders [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[5985,5914,6418,6420,6424,6421,6423,6422,6419,5447,5641,5213,3226,948,936,3153,3157,2597],"class_list":["post-91183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-multibagger-small-cap-stock","tag-multibagger-small-cap-stock-to-buy-now","tag-pennar-industries","tag-pennar-industries-latest-news","tag-pennar-industries-news","tag-pennar-industries-orders","tag-pennar-industries-q3-results","tag-pennar-industries-results","tag-pennar-industries-share-price","tag-small-cap-2023","tag-small-cap-stock-to-buy-in-2023","tag-small-cap-stock-to-watch","tag-small-cap-stocks","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger stock jumps 8% as it bags order worth \u20b9 851 Cr from top Indian companies \u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"According to the exchange filing, the company received these orders from bluechip companies like Reliance Industries, Ashok Leyland, Hindalco and Tata Power. 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