Maharashtra Seamless shines on receiving order from ONGC
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Maharashtra Seamless is currently trading at Rs. 416.85, up by 11.80 points or 2.91% from its previous closing of Rs. 405.05 on the BSE.
The scrip opened at Rs. 413.00 and has touched a high and low of Rs. 417.00 and Rs. 407.00 respectively. So far 4085 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 455.00 on 13-Oct-2022 and a 52 week low of Rs. 262.50 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 417.00 and Rs. 383.50 respectively. The current market cap of the company is Rs. 5427.64 crore.
The promoters holding in the company stood at 67.80%, while Institutions and Non-Institutions held 6.77% and 25.43% respectively.
Maharashtra Seamless has received an order from ONGC with basic value of Rs 262 crore approximately for supply of seamless tubing pipes and accessories. Delivery locations are Gujarat, Rajasthan, West Bengal, Assam and Tripura as required by ONGC. The said order is expected to be completed over the course of 42 weeks.
Maharashtra Seamless provides a whole range of high-class, customizable and innovative seamless pipes and tubes using state-of-art technology.
