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Mahamaya Steel gains on bagging new order worth Rs 70.60 crore in Q1

07 Jul 2016 Evaluate

Mahamaya Steel Industries is currently trading at Rs. 136.95, up by 0.95 points or 0.70% from its previous closing of Rs. 136.00 on the BSE.

The scrip opened at Rs. 142.00 and has touched a high and low of Rs. 142.00 and Rs. 133.60 respectively. So far 22,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 178.00 on 27-May-2016 and a 52 week low of Rs. 23.00 on 21-Jul-2015.

Last one week high and low of the scrip stood at Rs. 142.00 and Rs. 118.90 respectively. The current market cap of the company is Rs. 185.85 crore.

The promoters holding in the company stood at 69.77%, while Non-Institutions held 30.23% respectively in the company.

Mahamaya Steel Industries has bagged new orders worth Rs 70.60 crore in the first quarter ended June 30, 2016. The new orders bagged by the company are at a higher price compared to previous year.

The company manufactures steel structures like angles, beams, joist, channels, rounds, flats, railway sleepers etc. Its clients include BHEL, BHPV, MAHAGENCO, CSPDCL, TNEB, GETCO, MSPDCL, MPPDCL, ONGC, etc. It is one of the few in the country which manufactures 600 MM joist and 250 MM angles.


Peers
Company Name CMP
JSW Steel 1268.00
Tata Steel 184.75
Steel Authority 180.00
Jindal Stainless 750.90
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