Man Industries jumps on securing Rs 807 crore order from IOCL
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Man Industries (India) is currently trading at Rs. 95.35, up by 3.15 points or 3.42% from its previous closing of Rs. 92.20 on the BSE.
The scrip opened at Rs. 92.45 and has touched a high and low of Rs. 98.35 and Rs. 92.45 respectively. So far 36324 shares were traded on the counter.
The BSE group 'B ' stock of face value Rs. 5 has touched a 52 week high of Rs. 147.15 on 02-Aug-2021 and a 52 week low of Rs. 76.55 on 28-Feb-2022.
Last one week high and low of the scrip stood at Rs. 100.20 and Rs. 91.95 respectively. The current market cap of the company is Rs. 545.63 crore.
The promoters holding in the company stood at 44.70%, while Institutions and Non-Institutions held 2.03% and 53.27% respectively.
Man Industries (India) has received new order of around Rs 807 crore from Indian Oil Corporation (IOCL) for supply of API High Grade Large Diameter Carbon steel pipes along with coating. With this new order the unexecuted order book as on date stands at approximately Rs 1500 crore to be executed in six to eight months. This order reflects robust business environment and also showcases the trust that customers have in the company's technological and executional capabilities.
Man Industries (India) is engaged in manufacturing of LSAW Line Pipes, Hsaw Line Pipes and Aluminium Extruded Products.
