This Small-cap company has received orders worth Rs 500, shares surged
The company, which has a total installed capacity of 1 million tonnes, is one of India's leading manufacturers and exporters of LSAW and HSAW pipes.
About the result
A new order worth over Rs 500 crore has been placed with Man Industries (India). The company has an estimated Rs 2300 crore worth of orders that would be fulfilled in 6 to 8 months. This purchase is a testament to the company's strong business climate and to the clients' confidence in its technological and operational prowess.
Share Price Movement of Man Industries (India) Ltd
The scrip opened today at Rs 114.68 and touched a high and low of Rs 118.72 and Rs 113.20, respectively. Its 52-week high stood at Rs 118.72, whereas its 52-week low was Rs 69.75. The current market cap of the company is Rs 707.11 crore. Promoters hold 45.68%, whereas the institutional and non-institutional holdings are 1.83% and 52.48%, respectively.
The Mansukhani family actively pushed The Man Group in 1970. Founded in 1988, Man Industries (India) Ltd., the group's flagship company, is a diverse organisation. Large Diameter Carbon Steel Pipes, Infrastructure, Real Estate and Trading are among the primary business lines. Man Industries (India) Ltd., an ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 Certified Company, has been integrating, extending and growing in order to realise its vision of reaching global excellence. A significant turning point in the Group's development was the 2005 commissioning of its Anjar Line Pipe and Coating Complex in the Indian state of Gujarat on the west coast. In just ten years since entering the global market, Man Industries (India) Ltd. has become a notable player in the league of top producers of line pipes and coating systems through strategic investments and consistent growth. Man Industries (India) Ltd. serves international customers in the petrochemical, water, dredging and fertiliser industries. The business is set up to submit bids for practically all pipe projects worldwide.
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