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Maharashtra Seamless surges on bagging order worth Rs 674 crore from ONGC

12 Apr 2024 Evaluate

Maharashtra Seamless is currently trading at Rs. 920.85, up by 23.70 points or 2.64% from its previous closing of Rs. 897.15 on the BSE.

The scrip opened at Rs. 944.05 and has touched a high and low of Rs. 964.35 and Rs. 913.00 respectively. So far 46037 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1099.05 on 30-Jan-2024 and a 52 week low of Rs. 375.55 on 11-Apr-2023.

Last one week high and low of the scrip stood at Rs. 964.35 and Rs. 885.00 respectively. The current market cap of the company is Rs. 12261.60 crore.

The promoters holding in the company stood at 68.00% while Institutions and Non-Institutions held 15.79% and 16.22% respectively.

Maharashtra Seamless has received order with basic value of around Rs 674 crore from ONGC for supply of casing seamless pipes. The order is to be executed within a period of 44 weeks.

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

Peers
Company Name CMP
JSW Steel 1274.05
Tata Steel 183.60
Steel Authority 176.60
Jindal Stainless 750.75
APL Apollo Tubes 2181.00
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