Manaksia Coated Metals & Industries Limited (MCMIL) has been making headlines with its recent developments and is one to keep an eye on today, September 30.
Manaksia Coated Metals & Industries Limited (MCMIL) has achieved a significant milestone by securing a contract worth USD 24 million (around ₹200 crore) with a leading European client. The contract entails the supply of 20,000 metric tonnes of premium pre-painted steel coils, Alu Zinc coated steel coils, and galvanized steel products over the next 12 months. This agreement has the potential to become a recurring order, providing steady revenue for MCMIL and supporting the company’s long-term growth.
Read More: Manaksia Coated Metals & Industries secures ₹200 crore European contract
As an Indian manufacturer and exporter of coated metal products and FMCG items, MCMIL has established itself as a key player in the industry. The company specializes in manufacturing color-coated galvanized and plain galvanized steel, available in coil and sheet forms, produced at its facility in Kutch, Gujarat. These steel products serve diverse applications across construction, automotive, appliances, and general engineering industries.
MCMIL Share Price and Recent Performance
The stock of Manaksia Coated Metals & Industries Limited has shown notable movement over the past week. The company’s share price saw a rise on September 27, closing at ₹66.33, a 3.72% increase from its opening price of ₹63.95. Here’s a look at the stock performance over the past week:
| Date | Open | Close | Day’s Change |
|---|---|---|---|
| Fri, Sep 27 | ₹63.95 | ₹66.33 | +3.72% |
| Thu, Sep 26 | ₹67.75 | ₹63.95 | -4.21% |
| Wed, Sep 25 | ₹69.40 | ₹66.76 | -3.46% |
| Tue, Sep 24 | ₹70.30 | ₹69.15 | +1.99% |
| Mon, Sep 23 | ₹67.50 | ₹67.80 | +4.99% |
| Fri, Sep 20 | ₹64.31 | ₹64.58 | +1.70% |
| Thu, Sep 19 | ₹60.47 | ₹63.50 | +4.99% |
| Wed, Sep 18 | ₹60.00 | ₹60.48 | -0.75% |
The share price has seen a significant rise over the past year, with an increase of ₹41.18, or 159.61%.
About Manaksia Coated Metals & Industries Limited (MCMIL)
MCMIL has made a name for itself as a provider of premium galvanized and color-coated steel products. The company works with various substrate metals, including galvanized steel, galvalume, and aluminum. It offers these products as coils or pre-cut metal sheets with precise tolerances. MCMIL’s wide range of profiles includes Trapezoidal HI-Rib Profile-1000, Trapezoidal HI-Rib Profile-1050, Circular Profile, Tiled Roof Profile, and Plain Sheet, catering to diverse market demands.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
