Maharashtra Seamless is currently trading at Rs. 225.25, up by 6.70 points or 3.07% from its previous closing of Rs. 218.55 on the BSE.
The scrip opened at Rs. 218.20 and has touched a high and low of Rs. 229.60 and Rs. 217.00 respectively. So far 6708 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 389.00 on 04-May-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. 230.00 and Rs. 215.00 respectively. The current market cap of the company is Rs. 1530.58 crore.
The promoters holding in the company stood at 55.55% while Institutions and Non-Institutions held 25.51% and 18.94% respectively.
Maharashtra Seamless (MSL) has bagged export order worth $22 million for supply of Seamless and ERW pipes for prestigious drilling programmes in USA. These orders were bagged against stiff competition from European and local manufacturers. This has been a result of relentless marketing focus by the company for a larger share in the international pipe market. MSL will continue to endeavour to increase its share in the export markets.
Maharashtra Seamless 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.
