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Pennar Industries Limited
Share Price Target & Analysis

NSE:PENIND

136.53

VWAP

134.60

Open

134.6

Close

138.75

High

133.00

Low

163.40

52 Week High

136.50 ⇧
1.90 (1.41%)

PENIND

(Miscellaneous)
72.3% Momentum

Sideways to Positive

66.45

52 Week Low

4.02

EPS

35.12

PE

2.52

PB

Economical
Quality

Gold
Valuation

#Analysis

NSE: PENIND Share Price Financial Analysis & Valuation

Pennar Industries Limited (PENIND) is broadly categorized in Miscellaneous segment industry which deals in Steel - CR & HR Strips vertical. It is one of Micro Cap company with Market Capitalization of Rs 574.4 (in Cr). Total number of free float shares are 12 (in Lacs). Pennar Industries Limited is listed on NSE with Exchange ID - INE932A01024 and trading code is NSE:PENIND with short name Pennar Inds.

In the past 1 year, Pennar Industries Limited has declared an equity dividend of Rs 0 per share. At the current share price of PENIND at Rs 136.50, this results in a dividend yield of 0 %.

As per the Fundamental Analysis of NSE:PENIND, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine PENIND underlying value and future prospects. All of this data is available in PENIND financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:PENIND, it is clearly understood that PENIND is Economical performer in terms of earnings and profit margins with an EPS of 4.02. NSE:PENIND book value per share as of today is 54.17. The current price to book ratio for PENIND as of May 17, 2024 is 2.52.

Valuation of the Stock: The current valuation of PENIND stock is like Gold which means currently the stock is Overpriced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of PENIND whether to BUY this stock at current valuation. The delivery percentage of PENIND is 44.95% is very crucial parameter which shows that 44.95% investors are anticipating that the price of PENIND share should go up with VWAP at 136.53.

Now, the main question is whether to BUY or SELL, NSE:PENIND at current valuation.
As per latest Analysis No. #793:-

⇑ STRONG BUY PENIND if All Greens

⇗ BUY PENIND (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD PENIND (With Stop Loss) if only 1 Green

⇘ SELL PENIND if NO Green Indicator

NSE: PENIND Share Price Today (May 17, 2024)

(Pennar Industries Limited Daily Analysis on the basis of PENIND Intraday Graph & Trend)

Pennar Industries Limited share price moved Up by 1.41% from its previous close of Rs 134.6. PENIND stock last traded price is 136.50. PENIND share price trend is Up with a total of 918799 stocks traded till now. It has touched an intraday high of Rs 138.75 and an intraday low of Rs 133.00. The PENIND trading at 136.50, Up by Rs. 1.90, or 1.41 percent which suggests that most of the Traders are anticipating that the price of PENIND share should go Up.

NSE: PENIND Share Price Tomorrow Prediction

(Pennar Industries Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of PENIND)

Pennar Industries Limited share price moved Up by 1.41%. PENIND share price short term trend is Up. It suggests that PENIND Share Price for Tomorrow remains the same with VWAP at 136.53 will be treated as stop loss for intraday traders. Pennar Industries Limited Long term investors can follow the PENIND long term trend as mentiond in future forecast table.

NSE Code

NSE: PENIND

PENIND Share Price Today

 136.50

PENIND Share Price Target Prediction for 2024 ^

 110.7 - 164.2

PENIND Share Price Target Prediction for 2025*^

 164.2 - 174.9

PENIND Share Price Target Prediction for 2026*^

 174.9 - 187.1

PENIND Share Price Target Prediction for 2027*^

 196

PENIND Share Price Target Prediction for 2028*^

 202

PENIND Share Price Target Prediction for 2030*^

 220
PENIND Current Book Value 2023
53.9

*Pennar Industries Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^PENIND share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

PENIND Technical Analysis

Candlestick Pattern: @131.85

PENIND Moving Averages

BUY (8) NEUTRAL (0) SELL (6)
MA Simple Action S1 Expo Action E2
MA_5 128.46 BUY 130.17 BUY
MA_12 132.15 SELL 131.13 BUY
MA_20 132.89 SELL 131.66 BUY
MA_32 132.56 SELL 132.13 SELL
MA_50 130.63 BUY 132.34 SELL
MA_100 135.9 SELL 130.79 BUY
MA_200 120.67 BUY 119.21 BUY

PENIND Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 132.89 Downtrend
MACD -0.55 SELL
ADX 17.44 NO or Weak Trend
DMI (+/-) 16.78 / 21.88 Downtrend

PENIND Momentum Oscillators

BUY (5) NEUTRAL (6) SELL (1)
Momentum Oscillators Value Action
RSI 49.88 Neutral
STOCHASTIC_K (Fast) 86.43 Overbought
STOCHASTIC_D (Slow) 69.75 Neutral
CCI -16.3 Neutral
PSAR 122.35 BUY
TRUE RANGE 2.25 SELL
ATR 5.97 Neutral
WILLIAMS R -56.78 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 100 Overbought
STOCHASTIC RSI D 100 Overbought
MOMENTUM 0.95 BUY

PENIND Last 1 Year Trend

Duration Value
1 Year 80.25%
3 Months -15.48%
1 Month 0.73%
1 Week 1.93%

PENIND Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 43%
NEUTRAL / HOLD 23%
SELL 33%

Most popular Questions & Answers about PENIND


Pennar Industries Limited stock last traded price is 136.50. PENIND share price moved Up by 1.41% from its previous close of Rs 134.6.

Pennar Industries Limited share price trend is Up with a total of 918799 stocks traded till now. It has touched an intraday high of Rs 165.034 and an intraday low of Rs 133.00. The PENIND trading at 136.50, Up by Rs. 1.90, or 1.41 percent which suggests that most of the Traders are anticipating that the price of PENIND share should go Up and the Stop Loss will be around 136.53.

The market cap of Pennar Industries Limited is ₹574.4 (in Cr) as of May 16, 2024.

The current price to earning ratio for Pennar Industries Limited as of May 16, 2024 is 35.12.

The current price to book ratio for Pennar Industries Limited as of May 16, 2024 is 2.52.

The highest price of Pennar Industries Limited stock is ₹163.40 in the last 52-week.

The lowest price of Pennar Industries Limited stock is ₹66.45 in the last 52-week.

Pennar Industries Limited share trading at ₹136.50, Up by Rs. 1.90, or 1.41 percent which suggests that most of the traders are anticipating that the price of PENIND share should go Up.

In 2023, Stock price target for Pennar Industries Limited (PENIND) are ₹110.7 on downside and ₹164.2 on upside. Pennar Industries Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Pennar Industries Limited (PENIND) are ₹164.2 on downside and ₹174.9 on upside. Pennar Industries Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Pennar Industries Limited (PENIND) are ₹174.9 on downside and ₹187.1 on upside. Pennar Industries Limited share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Pennar Industries Limited (PENIND) will be around ₹202 Pennar Industries Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of PENIND.

As per the fundamental analysis of Pennar Industries Limited (PENIND), it is of Economical quality in terms of earnings and profit margins with an EPS of 4.02. Pennar Industries Limited book value per share as of today is 54.17. The current price to book ratio for PENIND as of May 17, 2024 is 2.52.


NSE:PENIND News & Other Useful Information about PENIND Share Price


Peer Comparison of NSE: PENIND

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Steel - CR & HR Strips

Company Price EPS BV
PENIND 136.50 4.02 54.17
MAHASTEEL 113.90 2.71 77.8
TATASTLBSL 0.00 0 25.88
Updated at: 17 May 2024 10:01

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