Shares of Man Industries (India) Limited surged 5.48% to ₹415.85 in intraday trade on Wednesday after the company announced it had secured a significant export order worth approximately ₹1,150 crore. The order, scheduled to be executed over the next 6–12 months, adds to the company’s growing order book, which now stands at nearly ₹3,500 crore.
The new order involves the supply of various pipes and products for overseas infrastructure projects, strengthening Man Industries’ position in the global oil and gas sector. The stock opened at ₹394.20 and touched an intraday high of ₹417.00.
At the current market price of ₹415.85, Man Industries’ market capitalization stands at ₹2,784 crore. The stock has delivered robust returns over the past year, with a 52-week range of ₹201.55 to ₹513.70.
The sharp spike in the stock price reflects investor optimism around the company’s ability to execute large-scale orders and its rising export competitiveness.
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