Man Industries is currently trading at Rs. 66.30, up by 5.75 points or 9.50% from its previous closing of Rs. 60.55 on the BSE.
The scrip opened at Rs. 64.00 and has touched a high and low of Rs. 66.90 and Rs. 62.60 respectively. So far 2,62,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 94.00 on 01-Dec-2014 and a 52 week low of Rs. 44.40 on 31-Mar-2015.
Last one week high and low of the scrip stood at Rs. 66.90 and Rs. 60.00 respectively. The current market cap of the company is Rs. 386.00 crore.
The promoters holding in the company stood at 54.21 % while Institutions and Non-Institutions held 8.05 % and 37.74 % respectively.
Man Industries, one of the leading Large Diameter Pipe manufacturing Company has received orders worth approximately Rs 510 crore from international market for Oil & Gas sector. With these new orders the outstanding executable order book as on date stands at approximately Rs 1,300 crore. The new order intake will result in significant improvement in performance of the company in the current financial year.
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 the year future from the outstanding bids which are at various levels of evaluation by the clients.
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.
