By Admin 
Man Industries Ltd: The stock of Iron and Steel Products Company Man Industries (India) Limited saw a tremendous bounce on Thursday. The company’s share price was trading at a high level of 10 months on Thursday, the fourth trading day of the week. This boom in the shares came from the order of Rs 1,150 crore received by the company.
The company has many more audiences worth thousands of crores
The company has received a major order from an international client to supply various types of pipes. However, Man Industries has not mentioned the name of the export order company. The company said in the exchange filing that Man Industries will complete the order in six to 12 months. Apart from this order, Man Industries also have many orders worth Rs 3,500 crore.
Share price reached beyond 400
On Thursday, the price of Man Industries Limited increased by 5.92 percent to Rs 418.50. This is the highest level ever since September 5. The shares of Man Industries have been seeing a boom for two consecutive days. By 12:38 pm, it was trading 5.43 percent to Rs 259.14 per share, while NSE Nifty 50 gained 0.80 percent lead.
Company shares get this rating
Let us know that earlier in the month of February, Man Industries Limited got an order for pipe supply of 250 crore. The company’s shares have gained a lead of 24.21 percent in 12 months on the basis of 19.24 percent and year-on-year. Today, the company’s shares were 2.0 times more than the 30 -day average. The relative strength index was at 73.01. According to Bloomberg data, three analysts, who monitor the company’s shares, have retained the rating of ‘buy’ on the company’s shares.
Company march quarter results
In the March quarter, the company earned a profit of 68.1 crores while performing tremendous performance, which was 24.1 crore in the same quarter a year ago. The company’s operational revenue also increased by 50 percent to 1,218.5 crore. Whereas in the March quarter of last year, it was Rs 810.7 crore.
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