52 weeks high alert: This small cap iron & steel company with m-cap of 688 crore got export order worth Rs 1300 crore!
The stock gained more than 5 per cent on Friday.
Man Industries (India) Limited recently got an export order, taking its total order book at Rs 2000 crore. The company in the exchange filing stated that the order reflects robust business environment and showcases the trust of the customers they have in the company’s technological and executional capabilities. Shares of Man Industries (India) Limited made a new 52-week high, gaining more than 5 per cent in on Friday.
Man Industries is one of the largest Manufacturers and Exporters of LSAW and HSAW pipes in India with a total installed capacity of 1 million tonnes. The company has two plants: one plant in Anjar, Kutch District of Gujarat and other in Pithampur, Madhya Pradesh. Anjar plant facilitates easy transportation to two major ports Kandla and Mundra as well as provides good connectivity to the road network.
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On Friday, the stock opened at Rs 108.87, with a high and low of Rs 117.00 and Rs 108.10. The stock closed currently trading at Rs 114.50, up by 5.17 per cent over its previous close of Rs 108.87.
The stock has a 52-week high of Rs 117.00 and a 52-week low of Rs 69.75. The company has a ROCE of 16.1 per cent and a ROE of 11.3 per cent, with a market capitalisation of Rs 688 crore.