MAN Industries (India) is currently trading at Rs. 111.60, up by 7.10 points or 6.79% from its previous closing of Rs. 104.50 on the BSE.
The scrip opened at Rs. 110.60 and has touched a high and low of Rs. 113.90 and Rs. 110.60 respectively. So far 1,60,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 128.40 on 20-Aug-2015 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. 113.90 and Rs. 103.00 respectively. The current market cap of the company is Rs. 637.00 crore.
The promoters holding in the company stood at 54.47% while Institutions and Non-Institutions held 7.77% and 37.76% respectively.
MAN Industries (India), one of the leading Large Diameter API grade Pipe manufacturing company, has received orders worth approximately Rs 700 crore from international and domestic customers for supply of pipes for Oil, Gas and Water sector projects. With these new orders the outstanding order book as on date stands at approximately Rs 1300 crore to be executed over a period of 6 to 8 months, this will result in significant improvement in the coming quarters.
The company has upgraded its Pithampur plant with the enhanced capabilities to become pioneer to produce Pipes up to 3600 mm dia meter with coating facilities. The company has outstanding bids around $ 1.5 billion at various stages of evaluation for several 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.
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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