Man Industries (India) rises on bagging new orders of around Rs 505 crore
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Man Industries is currently trading at Rs. 371.90, up by 3.25 points or 0.88% from its previous closing of Rs. 368.65 on the BSE.
The scrip opened at Rs. 380.85 and has touched a high and low of Rs. 380.85 and Rs. 366.75 respectively. So far 10801 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 459.00 on 05-Feb-2024 and a 52 week low of Rs. 122.64 on 23-May-2023.
Last one week high and low of the scrip stood at Rs. 387.90 and Rs. 360.00 respectively. The current market cap of the company is Rs. 2378.05 crore.
The promoters holding in the company stood at 46.15%, while Institutions and Non-Institutions held 4.94% and 48.90% respectively.
Man Industries (India) has received new export orders of around Rs 505 crore from International Customer for Supply of various types of Pipes. The total unexecuted order book as of May 21, 2024, stands at around Rs 2100 crore to be executed in the next 6-8 months. This order reflects the 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.
