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Maharashtra Seamless strengthens on bagging order worth Rs 920 crore

03 Dec 2018 Evaluate

Maharashtra Seamless is currently trading at Rs. 490.00, up by 13.90 points or 2.92% from its previous closing of Rs. 476.10 on the BSE.

The scrip opened at Rs. 490.35 and has touched a high and low of Rs. 499.85 and Rs. 480.00 respectively. So far 7189 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 550.00 on 11-Jan-2018 and a 52 week low of Rs. 406.10 on 22-May-2018.

Last one week high and low of the scrip stood at Rs. 499.85 and Rs. 471.55 respectively. The current market cap of the company is Rs. 3243.79 crore.

The promoters holding in the company stood at 61.78%, while Institutions and Non-Institutions held 10.48% and 27.74% respectively.

Maharashtra Seamless has successfully bagged Rs 920 crore order for supply of seamless casings, tubings, line pipes and ERW pipes from India's premier national oil company ONGC against stiff competition from domestic/foreign manufacturers.

Maharashtra Seamless provides a whole range of high-class, customizable and innovative seamless pipes and tubes using state-of-art technology. The company also manufactures ERW Pipes and Coated Pipes. The company also engaged in the business of Wind Power, Steel Pipes & Tubes. 

Maharashtra Seamless Share Price

657.00 3.35 (0.51%)
22-Apr-2026 10:29 View Price Chart
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