Introduction

Pennar Industries Ltd. is a holding company, which engages in the provision of engineered products and services. It operates through the Diversified Engineering and Custom Designed Building Solutions; and Auxiliaries segments. The firm offers solar module mounting, railway projects, storage solutions, hydraulic cylinders, and auto components. Its products include cold rolled steel strips, electrodes, metal crash barriers, sheet piles, and precision tubes.

Observation

Stock breakout it 4-month consolidation zone in darvas with goof trade volume as we can see on the chart. stock making higher high higher low with bullish cross over and trade above all the EMA

Let's touch fundamentals

• ROCE - 15.7 %
• ROC - 11.8 %
• Debt to equity - 0.90
• PE - 27
• Promoter Holding - 39.7 %
  
• Public holding - 54%
• Promoter Holding Pledge -2.80
  

• Daily Chart
• Rounding Bottom
  

News of the day

1. India's Tata Consumer Products reported second-quarter profit above estimates on Friday, as the salt-to-spices maker benefited from higher demand for its packaged food amid a pickup in rural demand.

2. 

3. The new chairman of Tata's philanthropic arm, Tata Trusts, is likely to be appointed to the board of the group company that operates the $165 billion salt-to-software conglomerate, a source with direct knowledge of the matter said on Friday.Noel Tata, the half-brother of Ratan Tata who died last week, has been appointed as the head of the powerful and influential philanthropic arm of the group that owns 66% of Tata Sons, the parent company.Tata Trusts exerts indirect control over the group as it also appoints a third of the directors to Tata Sons board. Those appointees receive special veto powers.

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Fri Oct 18, 2024