PENNAR IND, momentum stockPennar ind at 220, gave consolidation breakout. Stock is into momentum on higher side on longer time frame.
Can expect 260 to 290 in medium term
Next report date
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EPS estimate
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7.95 INR
983.40 M INR
31.27 B INR
81.02 M
About PENNAR INDUSTRIES LTD
Sector
Industry
CEO
Aditya Narsing Rao Joginapally
Website
Headquarters
Hyderabad
Founded
1975
ISIN
INE932A01024
FIGI
BBG000CXPMR8
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. The company was founded by Venkata Nrupender Rao Joginapalli in 1975 and is headquartered in Hyderabad, India.
Pennar Ind - Box BreakoutThe stock has been consolidating and flirting with a breakout.
The stock now seems to be breaking out of its Darvas Box.
Long at current price with Stoploss below 199.
Penindia about to break out of base. Watch the levels marked in the chart.
Risk is close to 11%
CMP: 212
This is not a buy/Sell recommendation. Please do your research before trading.
PENIND~~DIWALI PICK >READY FOR STRONG BREAKOUT ?NSE:PENIND
PENIND
(PENNER INDUSTRIES LTD)
DIWALI PICK 2024
CMP 207
Buy on Dips till 150
For Targets🎯222 / 238 / 259 / 285 / 299++
Positional Targets🎯 318 / 336 / 255 / 381 / 395++
Best Wishes of Diwali !!
Regards,
Harm⭕nics4Life
20/10/2024
===============================================
Pennar IndustriesPennar Industries was upcoming days bullish.
Logic; it's a strong break out with good volume and I know u didn't get anything by seeing I'll provide a chart.
if you want a clear easily understood structure, you can once go through the 1M TF , then you can get easily means got ur idea on stock.
I ho
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that
Pennar Industries Limited - Breakout Setup, Move is ON...#PENIND trading above Resistance of 189
Next Resistance is at 257
Support is at 121
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Stock Is Showing Strong Momentum- Must Add In Watchlist
✅RUPA & CO. has shown strong momentum, breaking out of a 1-year resistance level at 320 with a significant spike in volume. The stock has tested this level multiple times since May 2023 and now has a clear path for an upward rally if it sustains above 320. The RSI is also rising, indicating increas
Pennar Industries Ltd. ( potential to break ATH)
Sector: Iron & Steel
WTF as we can see MTF & DTF structure bullish and price makes HH & HL pattern and now price in DAILY demand zone with RSI bullish divergence and bollinger band lower band support.
LTF say 1H mitigation in DTF demand zone with RSI bullish divergence and bollinger band lower ba
See all ideas
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of PENIND is 214.40 INR — it has decreased by −1.13% in the past 24 hours. Watch PENNAR INDUSTRIES LTD. stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on BSE exchange PENNAR INDUSTRIES LTD. stocks are traded under the ticker PENIND.
PENIND stock has risen by 0.09% compared to the previous week, the month change is a 12.65% rise, over the last year PENNAR INDUSTRIES LTD. has showed a 69.29% increase.
We've gathered analysts' opinions on PENNAR INDUSTRIES LTD. future price: according to them, PENIND price has a max estimate of 228.00 INR and a min estimate of 228.00 INR. Watch PENIND chart and read a more detailed PENNAR INDUSTRIES LTD. stock forecast: see what analysts think of PENNAR INDUSTRIES LTD. and suggest that you do with its stocks.
PENIND reached its all-time high on Oct 21, 2024 with the price of 215.00 INR, and its all-time low was 1.90 INR and was reached on Jun 21, 2004. View more price dynamics on PENIND chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
PENIND stock is 1.94% volatile and has beta coefficient of 1.49. Track PENNAR INDUSTRIES LTD. stock price on the chart and check out the list of the most volatile stocks — is PENNAR INDUSTRIES LTD. there?
Today PENNAR INDUSTRIES LTD. has the market capitalization of 29.78 B, it has increased by 0.55% over the last week.
Yes, you can track PENNAR INDUSTRIES LTD. financials in yearly and quarterly reports right on TradingView.
PENNAR INDUSTRIES LTD. is going to release the next earnings report on Feb 7, 2025. Keep track of upcoming events with our Earnings Calendar.
PENIND net income for the last quarter is 268.50 M INR, while the quarter before that showed 264.00 M INR of net income which accounts for 1.70% change. Track more PENNAR INDUSTRIES LTD. financial stats to get the full picture.
No, PENIND doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
As of Dec 12, 2024, the company has 5.53 K employees. See our rating of the largest employees — is PENNAR INDUSTRIES LTD. on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. PENNAR INDUSTRIES LTD. EBITDA is 2.88 B INR, and current EBITDA margin is 8.64%. See more stats in PENNAR INDUSTRIES LTD. financial statements.
Like other stocks, PENIND shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade PENNAR INDUSTRIES LTD. stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So PENNAR INDUSTRIES LTD. technincal analysis shows the buy rating today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating PENNAR INDUSTRIES LTD. stock shows the strong buy signal. See more of PENNAR INDUSTRIES LTD. technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.