52-week high alert: This small-cap iron & steel company with m-cap of Rs 768.18 crore has an order book Rs 2,300 crore!

52-week high alert: This small-cap iron & steel company with m-cap of Rs 768.18 crore has an order book Rs 2,300 crore!

Praveenkumar Yadav
/ Categories: Trending, Mindshare

Shares of this company jumped more than 8 per cent on Thursday.

Man Industries (India) Limited made a new 52-week high, gaining more than 8 per cent. In the last one month, shares of the company have gained more than 35 per cent. On Thursday, the stock opened at Rs 119.74, with a high and low of Rs 135.42 and Rs 118.18. The stock closed trading at Rs 127.81, up by 8.64 per cent.       

The company recently got a new work order worth Rs 500 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. Looking at the unexecuted order book of the company of Rs 2,300 crore, the company is very well placed to grow. Currently, the shares of the company are trading at a P/E of 11.3x.   

DSIJ offers a product 'Tiny Treasure' with recommendations for Small-Cap & micro-cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the product details pdf here   

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.  

Previous Article Multibagger penny stock under Rs 10: This mid-cap company secures a new order of 99 MW from Vibrant Energy!
Next Article Trending Stock: Micro-Cap IT stock hits upper circuit on outstanding results, declares stellar dividend!
Rate this article:
4.6

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR