Rs 2,300 crore order book: Shares of this small-cap company soar 5 per cent as it receives orders worth Rs 500 crore!

The stock is up by 48 per cent in just 1 year and over 300 per cent in just 3 years.

Man Industries Ltd inform you that 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.  

On Wednesday, shares of Man Industries Ltd zoomed 5 per cent to a new 52-week high of Rs 118.72 per share. At the closing bell, shares of the company ended the day in green, up 3.93 per cent to Rs 117.65 per share.   

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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 2.17 times on BSE.   

Talking about the financials, the company reported positive numbers for Quarterly Results and annual results. The net sales increased by 5 per cent and net profit increased by 37 per cent in Q3FY23 compared to Q3FY22.   

The stock is up by 48 per cent in just 1 year and over 300 per cent in just 3 years. Investors should keep an eye on this small-cap stock.