The company announced the new orders during trading hours today, 13 February 2012.

Meanwhile, the BSE Sensex was up 89.62 points, or 0.5% to 17,838.31.

On BSE, 44,000 shares were traded in the counter as against average daily volume of 97,540 shares over the past one quarter.

The stock hit a high of Rs 34.95 and a low of Rs 32.80 so far during the day. The stock had hit a 52-week low of Rs 32.50 on 7 February 2012. The stock had hit a 52-week high of Rs 52 on 8 April 2011.

The small-cap stock had underperformed the market over the past one month till 10 February 2012, falling 5.61% compared with the Sensex's 9.8% return. The scrip had also underperformed the market in past one quarter, declining 14.02% as against Sensex's 2.23% gain.

The company has an equity capital of Rs 61.01 crore. Face value per share is Rs 5.

Pennar Industries said its subsidiary -- Pennar Engineered Building Systems secured major orders aggregating Rs 22 crore recently from Renault-Nissan through L&T, Cosmic Ferro Alloys, AMR Constructions, Lotus Warehousing and Pragati Developers, among others.

Pennar Engineered Building Systems is a leading player in the pre-engineered steel buildings sector. The company is involved in the design, manufacture, supply and installation of pre engineered steel buildings.

On a consolidated basis, Pennar Industries' net profit fell 31.5% to Rs 13.47 crore on 10.5% decline in net sales to Rs 289.03 crore in Q3 December 2011 over Q3 December 2010.

Pennar Industries is one of India's leading industrial companies engaged in the production and marketing of specialized and engineered steel solutions. The company is a leading manufacturer of profiles and components in various grades of steel and stainless steel. It caters to the auto, white goods, railways and infrastructure sectors. The company is also a leading manufacturer of pre-engineered buildings.