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Maharashtra Seamless gains on securing order of Rs 197 crore from ONGC

23 Aug 2022 Evaluate

Maharashtra Seamless is currently trading at Rs. 809.75, up by 8.60 points or 1.07% from its previous closing of Rs. 801.15 on the BSE.

The scrip opened at Rs. 797.40 and has touched a high and low of Rs. 830.00 and Rs. 789.35 respectively. So far 22504 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 830.00 on 23-Aug-2022 and a 52 week low of Rs. 303.40 on 13-Sep-2021.

Last one week high and low of the scrip stood at Rs. 830.00 and Rs. 780.45 respectively. The current market cap of the company is Rs. 5493.97 crore.

The promoters holding in the company stood at 67.08%, while Institutions and Non-Institutions held 4.97% and 27.95% respectively.

Maharashtra Seamless has received an order with basic value of Rs 197 crore for casing pipes from Oil & Natural Gas Corporation (ONGC). ONGC will utilise these pipes for its oil and gas exploration activities in Rajasthan, Gujarat, Andhra Pradesh, Assam and Tripura. As India is ramping up its exploration and production activities in oil and gas sector, the company expects sustainable improvement in domestic demand for its products.

Maharashtra Seamless provides a whole range of high-class, customizable and innovative seamless pipes and tubes using state-of-art technology.

Maharashtra Seamless Share Price

651.45 -2.60 (-0.40%)
08-May-2026 16:59 View Price Chart
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