Small-cap multibagger company attracts strong investor interest after securing Rs 490 crore orders!

Despite delivering multibagger returns of around 165 per cent over the past year, the stock is currently trading around 25 per cent below its 52-week high of Rs 459 on the BSE.

Domestic indices opened lower today and extended their losses, impacted by significant declines in the banking, financial services, information technology, and auto sectors. Investor confidence was subdued across broader indices as well.

However, one Small-Cap company, Man Industries (India) Ltd, attracted significant attention after announcing in a press release that it has secured new orders worth approximately Rs 490 crore for the supply of various types of pipes. The company also stated that its total unexecuted order book now stands at around Rs 2,600 crore, set to be executed over the next 6-8 months.

Shares of Man Industries (India) Ltd saw a significant rise in buying interest, climbing more than 8 per cent from the intraday low to reach an intraday high of Rs 351.95 per share on the BSE. Despite delivering multibagger returns of around 165 per cent over the past year, the stock is currently trading around 25 per cent below its 52-week high of Rs 459 on the BSE.

Man Industries (India) Ltd is a renowned global manufacturer in the line pipe industry, specializing in the production of large-diameter carbon steel SAW pipes. The company has manufactured and supplied over 13,000 kilometres of pipes globally for various applications, adhering to all international project standards. Its primary focus is on the manufacturing and coating of large-diameter carbon steel pipes and ERW pipes, along with ventures in infrastructure, realty, and trading. The group is also expanding its operations into core sectors such as energy, mining, and hospitality, among others.

Keep a close eye on the stock in the upcoming trading sessions!