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!
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.
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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.