Ashish Kacholia was allocated 13,62,395 shares and AIFs & MFs were allocated 19,07,353 shares of this multibagger civil construction stock with a Rs 13,000 million order book!

The stock gave multibagger returns of 310 per cent in just 1 year whereas BSE Small-cap Index is up by 54.25 per cent.

Indian stock markets witnessed a significant surge. Both the benchmark indices, the BSE Sensex and NSE Nifty-50, gained o.46 per cent and 0.70 per cent, respectively. The broader market sentiment was too in green, with the BSE Mid-Cap and Small-Cap indices surged 2.28 per cent and 3.11 per cent respectively. Only the BSE Bankex Index ended the day in red while the rest of the sectors ended the day in green.

Along with the market in the green, one multibagger small-cap stock was locked in a 5 per cent upper circuit to Rs 352.90 per share from its previous closing of Rs 336.10 with an intraday high of Rs 352.90 and an intraday low of Rs 319.30. The stock’s 52-week high is Rs 459 while its 52-week low is Rs 83.21. The shares of the company saw a spurt in volume by more than 2.31 times on BSE.

The stock name is Man Industries (India) Ltd.

Man Industries (India) Ltd., a leading manufacturer of large-diameter pipes for over 30 years, is one of India's biggest exporters of LSAW and HSAW pipes, with a production capacity of 1 million tonnes. Their product range caters to oil & gas, water, and other sectors, including pipes, bends, and coatings, and they boast an impressive track record of supplying over 17,000 kilometres of pipes worldwide to clients like GAIL, IOCL, and Shell.

Man Industries (India) Ltd.'s board of directors, in a meeting on March 13, 2024, approved the issuance of 46,32,133 fully paid-up new equity shares to non-promoter investors.

Ashish Kacholia was allocated 13,62,395 shares, AIFs & MFs (Turnaround Opportunities Fund, 360 One Equity Opportunity Fund, ITI Multi Cap Fund, ITI Flexi Cap Fund, ITI Mid Cap Fund, ITI Large Cap Fund, ITI Value Fund and Emkay Emerging Stars Fund – VI) were allocated 19,07,353 shares and Partnership Firm - RBA & Finance Investment Co. was allocated 13,62,395 shares.

Man Industries has a market cap of Rs 2,121 crore with a 3-year CAGR of 65 per cent. The current unexecuted order book as of today stands at Rs 13,000 million which will be executed within the next 6 months. Additionally, the company reported positive numbers in its Quarterly Results and annual results.

The stock has a PE of 16.92x whereas the sectoral PE is 25x. The stock gave multibagger returns of 310 per cent in just 1 year whereas BSE Small-cap Index is up by 54.25 per cent. Investors should keep an eye on this small-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.