Rs 2,300 crore order book: Heavy buying witnessed in this multibagger small-cap stock; hits 52-week highs!

The stock gave multibagger returns of 106 per cent in just 6 months and over 300 per cent in just 3 years.

On Tuesday, one of the Top Gainers on BSE, shares of Man Industries Ltd zoomed 11.27 per cent to a new 52-week high of Rs 160.90 per share. At the closing bell, shares of the company ended the day in green, up 9.47 per cent to Rs 158.30 per share.

Recently, the Company has received new orders of approximately Rs 500 crore. The total order book of the Company stands at approximately Rs 2300 crore to be executed in 6 to 8 months. This order reflects the robust business environment and showcases the trust of the customers they have in the Company’s technological and execution capabilities.

Man Industries Ltd 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 shares of the company saw a spurt in volume by more than 3.89 times on BSE.

Talking about the financials, Man Industries has a market cap of Rs 952 crore with a 3-year CAGR of 58 per cent. The company reported positive numbers for Quarterly Results and annual results. The stock has a PE of 12.50x whereas the sectoral PE is 27x.

The stock gave multibagger returns of 106 per cent in just 6 months and over 300 per cent in just 3 years. Investors should keep an eye on this Small-Cap stock.

1 comments on article "Rs 2,300 crore order book: Heavy buying witnessed in this multibagger small-cap stock; hits 52-week highs!"

Jayakumar K

Good Analysis of stocks

6/27/2023 10:34 PM

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