Maharashtra Seamless spurts on bagging orders worth Rs 157 crore
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Maharashtra Seamless is currently trading at Rs. 570.15, up by 11.75 points or 2.10% from its previous closing of Rs. 558.40 on the BSE.
The scrip opened at Rs. 571.05 and has touched a high and low of Rs. 586.55 and Rs. 568.95 respectively. So far 32557 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 586.55 on 04-Sep-2023 and a 52 week low of Rs. 279.00 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 586.55 and Rs. 507.05 respectively. The current market cap of the company is Rs. 7703.62 crore.
The promoters holding in the company stood at 67.80%, while Institutions and Non-Institutions held 10.14% and 22.06% respectively.
Maharashtra Seamless has received orders with cumulative basic value of Rs 157 crore for supply of seamless pipes, out of which order of around Rs 106 crore is from Oil India and around Rs 51 crore is from IOCL. Delivery locations are Assam and Haryana. These orders would not fall within related party transactions.
Maharashtra Seamless provides a whole range of high-class, customizable and innovative seamless pipes and tubes using state-of-art technology.
