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Pennar Industries Ltd

Stage 2 · Advancing · week 3Setup 3.6 WatchWeak -4.8

As of 16 Oct 2026, Pennar Industries is in Stage 2 — advancing, the uptrend phase, in week 3 (since 29 Sep 2026). It closed at ₹172, 37.7% below its 52-week high and above its 200-day average, which is falling. In Materials, 33.6% of stocks are in Stage 2.

Pennar Industries Limited operates as an engineering company in India and internationally. More about the company

₹171.8
+0.12% today
₹2,318 Cr · Small cap
Market Neutral — FadingMaterials 33.6% in Stage 2-2.9 pts / 20dIron & Steel 36.7%+1.3 pts

Pro read

Pro

Our read

In Stage 2, but it has already run

Setup score

3.6 Watch

Momentum

Steady

Edge

Weak -4.8

Setup-score rank among Stage 2 peers: #24 of 29 in Iron & Steel · #129 of 153 in Materials

Is PENIND early, or has it already run? Pro answers that for every NSE stock, after every close.

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vs 52W High
-37.7%
₹130.9 lo₹276 hi
37.7% below 52W high — far from high
How far this stock is from its 52-week high. A pullback of 3–20% while Stage 2 structure holds is typically a better entry than chasing near the high.
Stage Maturity
Week 3
1w13w26w
Week 3 — fresh breakout, verify structure
How long this stock has been in Stage 2. The sweet spot is mid-run — enough time to prove the structure holds, not so long it's extended. Very fresh (wk 1–4) often needs more time to confirm.
vs 200 DMA
3.8%
200 DMA: ₹165.5 · sloping down
Long-term trend anchor. When stock and Nifty are both above their 200 DMA, the macro backdrop supports continuation.
Rel Volume
0.20x
vs 50-day avg
Low vol (0.5–1x) on pullbacks = resting, not being sold. High vol on breakouts = commitment. Volume spike on down days is a warning sign.
Trend Health
→
MA20 flat · +0.4% vs MA50 +2.1%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
+3.0%
3M
+2.6%
6M
-0.9%
YTD
-14.3%
1Y
-25.9%
Sector
Materials
↓ Peaking
Stage 2%
33.6%
20d Δ
-2.9pp
1M return
-1.6%
3M return
-2.6%
Sector Stage-2 % · last 20 days
This stock ranks #148 of 151 Stage 2 stocks in Materials by RS. Lagging sector peers.
Industry
Iron & Steel
↑ Building
Stage 2%
36.7%
20d Δ
+1.3pp
1M return
-0.1%
3M return
+2.9%
Industry Stage-2 % · last 20 days
Ranks #28 of 28 Stage 2 stocks in this industry.
Stage Cycle Timeline2023-07-20 → 2026-10-16
S2 37w
S2 18w
S2 22w
S4 20w
S1 19w
2023-07-202026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 37w → S3 8w → S2 18w → S3 2w → S2 13w → S3 4w → S4 7w → S1 5w → S2 22w → S3 1w → S2 3w → S3 6w → S4 20w → S1 19w → S2 3w current
Total tracked: 168 weeks across 15 stage runs.
Scan Membership
Breakout Watch
Latest: 2026-09-29
5 appearances in last 60 days. First seen: 2024-06-03.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-10-16S2
Wk 3 · Vol 0.20x
2026-10-15S2
Wk 3 · Vol 0.41x
2026-10-14S2
Wk 3 · Vol 0.59x
2026-10-13S2
Wk 2 · Vol 0.54x
2026-10-12S2
Wk 2 · Vol 0.41x
2026-10-09S2
Wk 2 · Vol 0.63x
2026-10-08S2
Wk 2 · Vol 1.30x
2026-10-07S2
Wk 2 · Vol 0.70x
2026-10-06S2
Wk 1 · Vol 0.52x
2026-10-05S2
Wk 1 · Vol 1.11x
2026-10-01S2
Wk 1 · Vol 2.47x
2026-09-30S2
Wk 1 · Vol 1.63x
Sector Peers — Stage 2All →
OCCLLTD
wk 17 · -16.3% from hi
9.0
MUKANDLTD
wk 21 · -7.5% from hi
8.9
SUNFLAG
wk 3 · -9.3% from hi
8.8
CUBEXTUB
wk 2 · 0.0% from hi
8.7
NRL
wk 17 · 0.0% from hi
8.6
Moving averages & range
50 DMA
₹169
200 DMA
₹165.5
52W High
₹276
52W Low
₹130.9
5D Low
₹171.6
Resistance levels (recent highs)
20d High
₹184.9
60d High
₹184.9
120d High
₹184.9
250d High
₹276
Next resistance
+7.6%
to 20d High
P/E (TTM)
17.4
Forward 11.4
Earnings Growth (YoY)
+15.2%
Revenue +3.1%
ROE
+12.8%
Profit margin +3.8%
About this companyMaterials· Iron & Steel

Pennar Industries Limited operates as an engineering company in India and internationally. It operates in two segments: Diversified Engineering, and Custom Designed Building Solutions & Auxiliaries. The company offers engineered components, including automotive and white goods components, hydraulic cylinders, and precision sub assembly parts; precision tubes comprising electric resistance welding, CWE/DOM/CEW, bicycle frame, steel, engineering, boiler, heat exchanger, propeller shaft, transformer, fuel and air, furniture, structural, telescopic front fork, and air pre-heater tubes, as well as automotive shock absorbers; and railway wagons, and passenger and metro coaches. It also provides steel products and profiles, such as cold rolled steel strips; electrostatic precipitator electrodes; building components, including purlins, roofing/cladding sheets, and decking profiles; metal crash barriers; sheet piles for infrastructure projects; and automobile products. In addition, the company offers solar module mounting structures to support the solar PV panels; aerospace machined components; industrial boilers and heaters; and water treatment chemicals, fuel additives, and specialty water treatment chemicals, as well as water and environment infrastructure turnkey solutions. Further, it designs, manufactures, supplies, services, and installs pre-engineered steel buildings and building components; and erects industries, warehouses, commercial centers, multi storied buildings, aircraft hangars, and defense installations, as well as engages in the design, manufacture, supply, erection, and maintenance of water and wastewater treatment plants. Additionally, the company provides structural engineering, building information modelling, plant and product engineering, industrial automation, and digital consultancy and value-added solutions; and solar structures. Pennar Industries Limited was incorporated in 1975 and is headquartered in Hyderabad, India.

Visit company website →

All analytics based on EOD data. Data as of 2026-10-16. Past data patterns are not indicative of future results. This page is a data analytics tool only.