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Man Industries soars on bagging order worth Rs 500 crore

22 Mar 2021 Evaluate

Man Industries (India) is currently trading at Rs. 84.25, up by 5.15 points or 6.51% from its previous closing of Rs. 79.10 on the BSE.

The scrip opened at Rs. 82.25 and has touched a high and low of Rs. 86.75 and Rs. 82.25 respectively. So far 29715 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 5 has touched a 52 week high of Rs. 92.70 on 16-Dec-2020 and a 52 week low of Rs. 27.16 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 86.75 and Rs. 75.10 respectively. The current market cap of the company is Rs. 451.69 crore.

The promoters holding in the company stood at 42.57%, while Institutions and Non-Institutions held 4.46% and 52.97% respectively.

Man Industries (India) has received new orders in both domestic and export markets in Oil and Gas as well as water segments worth approximately Rs 500 crore. These orders reflect the company’s strong leadership position in the line pipe business. This also showcases the trust customers have in company’s technological and executional capabilities.

Man Industries (India) is engaged in manufacturing of LSAW Line Pipes, Hsaw Line Pipes and Aluminium Extruded Products.

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