Man Industries shares jumped on Thursday after the company bagged orders aggregating to Rs 7 billion from domestic and international customer for supply of large diameter pipes for oil and gas as well as water sector projects. With this order, the company has a built up order book of around Rs.12 billion.
In addition to the above confirmed order, the company has outstanding bids over USD 1 billion at various stages of evaluation for several other oil, gas and water projects in India and abroad.
Shares of the company are trading at Rs 70.95, up Rs 5.9, or 9.07% at the Bombay Stock Exchange (BSE) on Thursday at 9:45 a.m.
The scrip has touched an intra-day high of Rs 76.00 and low of Rs 66.40. The total volume of shares traded at the BSE is 372,556.
In the earlier session, the shares gained 1.64%, or Rs 1.05, at Rs 65.05.
Currently, the stock is trading down 35.79% from its 52-week high of Rs 110.50 and above 38.85% over the 52-week low of Rs 51.10.