Man Industries (India) is currently trading at Rs. 60.15, up by 2.60 points or 4.52% from its previous closing of Rs. 57.55 on the BSE.
The scrip opened at Rs. 58.00 and has touched a high and low of Rs. 62.00 and Rs. 57.50 respectively. So far 119880 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 92.00 on 11-Jun-2014 and a 52 week low of Rs. 51.10 on 04-Dec-2013.
Last one week high and low of the scrip stood at Rs. 62.80 and Rs. 55.50 respectively. The current market cap of the company is Rs. 346.04 crore.
The promoters holding in the company stood at 56.41% while Institutions and Non-Institutions held 10.60% and 33.00% respectively.
MAN Industries (India) has bagged orders worth around Rs 550 crore from domestic and international customers for supply of pipes for Oil and Gas sector projects. With these new orders the outstanding order book as on date stands at around Rs 1600 crore, this will result in significant improvement in performance in the second half of the current financial year.
The company has also received vendor approval from several new customers in Oil and Gas sector globally and participated in various bids. The company has outstanding bids over $2 billion at various stages of evaluation for several other Oil, Gas and Water projects in India and abroad. The company therefore expects good order inflow in near future from the outstanding bids which are at various levels of evaluation by the clients.
The company has also initiated the process for upgradation of its Pithampur plant to produce very large diameter pipes (upto 130) to cater to the upcoming mega drinking water supply, river linking and irrigation projects in MP, Rajasthan and U.P.
Man Industries (India) is engaged in manufacturing of LSAW Line Pipes, Hsaw Line Pipes and Aluminium Extruded Products. The company has received various certifications such as API, ISO-9001, ISO-9002, ISO-14001, and ISO-18001 for its quality management.
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