SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Maharashtra Seamless shines on getting nod for share buyback plan

09 Apr 2013 Evaluate

Maharashtra Seamless is currently trading at Rs 234.55, up by 19.60 points or 9.12% from its previous closing of Rs 214.95 on the BSE.

The scrip opened at Rs 228.70 and has touched a high and low of Rs 236.00 and Rs. 225.45 respectively. So far 56354 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs. 398.95 on 10-Apr-2012 and a 52 week low of Rs. 199.05 on 26-Feb-2013.

Last one week high and low of the scrip stood at Rs 236.00 and Rs 202.15 respectively. The current market cap of the company is Rs 1516.12 crore.

The promoters holding in the company stood at 55.47% while Institutions and Non-Institutions held 25.83% and 18.71% respectively.

Maharashtra Seamless has received its board approval for Rs 100 crore share buyback plan at a price not more than Rs 300 per share through the open market.

The buyback will be within 10% of the paid up capital and free reserves of the company as per audited accounts for the financial year ended March 31, 2012. The buy-back shall be from the open market through stock exchanges.

Maharashtra Seamless (MSL) is engaged in the business of manufacturing pipes and tubes. Company is part of Rs.3000 Crore DP Jindal Group. Company also manufactures ERW pipes and seamless pipes.

Maharashtra Seamless Share Price

657.00 3.35 (0.51%)
22-Apr-2026 10:31 View Price Chart
Peers
Company Name CMP
Tata Steel 212.45
JSW Steel 1267.20
SAIL 176.50
Jindal Stainless 788.90
APL Apollo Tubes 2121.00
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×