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Maharashtra Seamless gains on reporting 10% rise in pipes production for Q3FY19

12 Feb 2019 Evaluate

Maharashtra Seamless is currently trading at Rs. 466.70, up by 1.70 points or 0.37% from its previous closing of Rs. 465.00 on the BSE.

The scrip opened at Rs. 465.00 and has touched a high and low of Rs. 471.05 and Rs. 465.00 respectively. So far 2101 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 532.00 on 18-Dec-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. 478.00 and Rs. 457.95 respectively. The current market cap of the company is Rs. 3154.01 crore.

The promoters holding in the company stood at 61.78%, while Institutions and Non-Institutions held 10.76% and 27.46% respectively.

Maharashtra Seamless has reported total pipes production at 103,959 MT up by 10% in Q3FY19. Of the total production, strong seamless pipes production stood at 87,069 MT and ERW production at 16,890 MT.

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. 

Peers
Company Name CMP
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Steel Authority 180.00
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