In the morning trading session on November 6, shares of Man Industries experienced a notable uptick, gaining more than a percent and reaching a 52-week high of Rs 244.70.
The surge in stock price followed the company’s announcement of securing new orders worth Rs 380 crore. According to the company, the total unexecuted order book as of the current date stands at approximately Rs 1,400 crore, all to be executed within the next six months.
The newly acquired contract pertains to the supply of various types of pipes.
Earlier this month, Man Industries (India) successfully secured orders valued at around Rs 400 crore from a domestic customer, encompassing various types of pipes.
The company’s board of directors is set to convene on November 8 to discuss and approve the unaudited financial results for the quarter and half-year ended September 30, 2023.
By 12:04 pm, the shares were trading at an impressive 8.28 percent higher, reaching ₹254.40, reflecting the positive market sentiment in response to the company’s latest developments and order acquisitions.
