Pen­nar In­dus­tries

Flash News Investment - - RECOMMENDATIONS -

Pen­nar In­dus­tries is lead­ing engi­neer­ing com­pany en­gaged in pro­vid­ing engi­neer­ing prod­ucts in In­dia and abroad. The com­pany's prod­ucts in­clude sys­tems and projects, in­dus­trial com­po­nents, steel prod­ucts and tubes. It has grown small fu­tur­is­tic busi­ness into size­able busi­nesses like PEBS, en­viro, hy­draulics, rail coach com­po­nents, In­dus­trial and white goods com­po­nents which have im­mense growth po­ten­tial and ex­pected to grow much faster in the next 3-4 years. In Q1FY18, the com­pany re­ceived or­ders worth Rs 202 crore for rail­ways prod­ucts, so­lar and pre­ci­sion tubes. In­creas­ing in­dus­trial re­quire­ment for ware­houses and govern­ment ini­tia­tives like 'Hous­ing for All' by 2022 would cre­ate am­ple op­por­tu­ni­ties in pre-en­gi­neered build­ing (PEB) seg­ment of the com­pany. Hence, we rec­om­mend our read­ers to BUY the scrip.

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