Meanwhile, the S&P BSE Sensex was down 300.60 points, or 0.88% to 33,710.16.

On the BSE, 95,000 shares were traded in the counter so far compared with average daily volumes of 1.42 lakh shares in the past one quarter. The stock had hit a high of Rs 62.20 and a low of Rs 59.70 so far during the day. The stock hit a 52-week high of Rs 79 on 9 January 2018. The stock hit a 52-week low of Rs 40 on 10 March 2017.

The stock had underperformed the market over the past 30 days till 16 February 2018, falling 5.93% compared with 3.54% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 2.55% as against Sensex's 2% rise. The scrip had outperformed the market in past one year, rising 42.81% as against Sensex's 19.47% rise.

The small-cap company has equity capital of Rs 60.17 crore. Face value per share is Rs 5.

On a consolidated basis, net profit of Pennar Industries rose 24.57% to Rs 17.44 crore on 5.40% rise in net sales to Rs 414.91 crore in Q3 December 2017 over Q3 December 2016.

Pennar Industries offers specialized, engineering steel solutions.