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Pennar Industries Limited
Share Price Target & Analysis

NSE:PENIND

132.17

VWAP

132.30

Open

131.3

Close

133.30

High

131.05

Low

163.40

52 Week High

131.95 ⇧
0.65 (0.50%)

PENIND

(Miscellaneous)
67.6% Momentum

Sideways to Positive

66.45

52 Week Low

4.02

EPS

34.35

PE

2.44

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 131.95, 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 15, 2024 is 2.44.

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 132.17.

Now, the main question is whether to BUY or SELL, NSE:PENIND at current valuation.
As per latest Analysis No. #792:-

⇑ 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 15, 2024)

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

Pennar Industries Limited share price moved Up by 0.50% from its previous close of Rs 131.3. PENIND stock last traded price is 131.95. PENIND share price trend is Up with a total of 127756 stocks traded till now. It has touched an intraday high of Rs 133.30 and an intraday low of Rs 131.05. The PENIND trading at 131.95, Up by Rs. 0.65, or 0.50 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 0.50%. PENIND share price short term trend is Up. It suggests that PENIND Share Price for Tomorrow remains the same with VWAP at 132.17 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

 131.95

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: @139.05

PENIND Moving Averages

BUY (13) NEUTRAL (0) SELL (1)
MA Simple Action S1 Expo Action E2
MA_5 139.91 SELL 138.58 BUY
MA_12 133.81 BUY 135.67 BUY
MA_20 134.32 BUY 134.37 BUY
MA_32 129.74 BUY 133.6 BUY
MA_50 133.09 BUY 133.29 BUY
MA_100 134.9 BUY 130.8 BUY
MA_200 118.13 BUY 117.9 BUY

PENIND Trend Oscillators

BUY (3) NEUTRAL (1) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 134.32 Uptrend
MACD 1.14 BUY
ADX 13.64 NO or Weak Trend
DMI (+/-) 21.28 / 21.14 Uptrend

PENIND Momentum Oscillators

BUY (5) NEUTRAL (6) SELL (1)
Momentum Oscillators Value Action
RSI 57.81 Neutral
STOCHASTIC_K (Fast) 38.6 Neutral
STOCHASTIC_D (Slow) 65.1 Neutral
CCI 70.53 Neutral
PSAR 116.84 BUY
TRUE RANGE 4.5 BUY
ATR 6.65 BUY
WILLIAMS R -17.81 Overbought
TRIX 0 Neutral
STOCHASTIC RSI K 1.69 Oversold
STOCHASTIC RSI D 33.9 Neutral
MOMENTUM 12.2 BUY

PENIND Last 1 Year Trend

Duration Value
1 Year 89.7%
3 Months -0.47%
1 Month 9.62%
1 Week -0.11%

PENIND Technical Analysis Summary

Updated on 2024-04-29
Action Overall (%)
BUY 70%
NEUTRAL / HOLD 23%
SELL 7%

Most popular Questions & Answers about PENIND


Pennar Industries Limited stock last traded price is 131.95. PENIND share price moved Up by 0.50% from its previous close of Rs 131.3.

Pennar Industries Limited share price trend is Up with a total of 127756 stocks traded till now. It has touched an intraday high of Rs 165.034 and an intraday low of Rs 131.05. The PENIND trading at 131.95, Up by Rs. 0.65, or 0.50 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 132.17.

The market cap of Pennar Industries Limited is ₹574.4 (in Cr) as of May 14, 2024.

The current price to earning ratio for Pennar Industries Limited as of May 14, 2024 is 34.35.

The current price to book ratio for Pennar Industries Limited as of May 14, 2024 is 2.44.

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 ₹131.95, Up by Rs. 0.65, or 0.50 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 15, 2024 is 2.44.


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 131.95 4.02 54.17
MAHASTEEL 118.00 2.71 77.8
TATASTLBSL 0.00 0 25.88
Updated at: 15 May 2024 10:01

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