Mumbai (Udaipur Kiran News): Shares of Maharashtra Seamless Ltd climbed nearly 2% on Thursday after the company announced it has secured a fresh order worth around ₹256 crore for supplying seamless pipes to the oil and gas sector.
The stock was trading at ₹615.00 on the BSE, up 1.95% from its previous close of ₹603.25. It opened at ₹598.55 and touched an intraday high of ₹619.25 and a low of ₹598.55. Around 9,347 shares have been traded so far.
In the past 52 weeks, the stock has touched a high of ₹814.00 (11 Dec 2024) and a low of ₹562.65 (28 Oct 2024). The company currently commands a market capitalization of ₹8,267.75 crore. Promoters hold 68.87%, while institutional and non-institutional investors own 14.48% and 16.65% respectively.
The latest order will be dispatched over the next two quarters as per the customer’s requirement. This comes shortly after Maharashtra Seamless bagged another order worth ₹298 crore, also for supplying seamless pipes in the oil and gas sector.
The company is a leading producer of high-quality seamless pipes and tubes, offering customizable solutions using advanced technology.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
