Mumbai, 3 September (Kiran News): Shares of Man Industries (India) jumped over 9% on Tuesday after the company announced it had bagged a major export order worth approximately Rs 1,700 crore. The stock was trading at Rs. 423.75 on the BSE, up by Rs. 35.25 from its previous close.
The scrip opened at Rs. 398.35 and touched a high of Rs. 431.50 and a low of Rs. 396.70 during the session. The company’s current market capitalisation is Rs. 3,201.03 crore.
Promoters hold 48.21% of the company, while institutional and non-institutional investors hold 3.07% and 48.73% respectively.
The new order involves the supply of various types of coated pipes and is expected to be executed over the next 6 to 12 months. With this, Man Industries’ total unexecuted order book now stands at around Rs 4,700 crore, reflecting strong demand and the trust placed in the company’s technology and execution capabilities.
Man Industries (India) is engaged in the manufacturing, processing, and trading of submerged arc welded pipes and steel products.
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.
