Man Industries zooms on starting production at new plant at Anjar in Gujarat
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Man Industries (India) is currently trading at Rs. 98.70, up by 7.22 points or 7.89% from its previous closing of Rs. 91.48 on the BSE.
The scrip opened at Rs. 91.55 and has touched a high and low of Rs. 100.50 and Rs. 91.55 respectively. So far 82781 shares were traded on the counter.
The BSE group 'B ' stock of face value Rs. 5 has touched a 52 week high of Rs. 106.70 on 04-Apr-2022 and a 52 week low of Rs. 69.55 on 11-May-2022.
Last one week high and low of the scrip stood at Rs. 100.50 and Rs. 89.40 respectively. The current market cap of the company is Rs. 592.92 crore.
The promoters holding in the company stood at 45.69%, while Institutions and Non-Institutions held 1.84% and 52.48% respectively.
Man Industries (India) has inaugurated and started the production at the New Plant at Anjar, Gujarat on March 22, 2023 for manufacturing of ERW API Grade Line Pipes to serve hydro-carbon and CGD sector.
Earlier, the company had received new export order of around Rs 1300 crore. The total order book of the company stands at around Rs 2000 crore to be executed in 6 to 8 months. This order reflects robust business environment and showcases the trust of the customers they 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.
