Man Industries is currently trading at Rs. 115.00, up by 4.70 points or 4.26% from its previous closing of Rs. 110.30 on the BSE.
The scrip opened at Rs. 111.10 and has touched a high and low of Rs. 115.90 and Rs. 111.10 respectively. So far 70013 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 161.70 on 22-Jul-2011 and a 52 week low of Rs. 54.30 on 15-Mar-2011.
Last one week high and low of the scrip stood at Rs. 115.90 and Rs. 106.85 respectively. The current market cap of the company is Rs. 627.21 crore.
The promoters holding in the company stood at 55.11% while Institutions and Non-Institutions held 5.06% and 31.77% respectively.
Man Industries (India), one of the leading pipe manufacturing company has received export orders worth approximately Rs 500 crore from Middle East for supply of large diameter pipes for Oil and Gas sector.
With these new orders received, the company’s outstanding order book stands at approximately Rs 1,600 crore. The orders are to be executed over a period of next 9 to 12 months.
In addition to the above confirmed order the company has outstanding bids over Rs 4,500 crore at various stages of evaluation for several other Oil, Gas and Water projects in India and abroad.
Man Industries is an ISO 9001/14001/18001 accredited company, is a leading manufacturer of SAW Pipes and coating system for high pressure Oil & Gas applications with a potential production capacity of approximately one million MT of SAW Pipes per annum.
