{"id":118942,"date":"2024-02-12T13:28:11","date_gmt":"2024-02-12T07:58:11","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=118942"},"modified":"2024-02-12T13:30:35","modified_gmt":"2024-02-12T08:00:35","slug":"steel-stock-jumps-5-after-receiving-new-order-worth-525-cr-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/steel-stock-jumps-5-after-receiving-new-order-worth-525-cr-check-the-details\/","title":{"rendered":"Steel stock jumps 5% after receiving new order worth \u20b9 525 Cr; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1152773692\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Multibagger stock engaged in manufacturing and trading of steel pipes used in oil and gas, the hydrogen industry, and other industries jumped 5 percent in the day\u2019s trade upon receiving a work order worth Rs. 525 Crores&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2953864502\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 2,495 Crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/MANINDS\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Man Industries Limited<\/a><\/strong> were trading at Rs. 415, up 2.43 percent from its previous day\u2019s close price of Rs. 405.15. It has delivered multibagger returns of 371 percent in a year.\u00a0<\/p><p>Man Industries Limited has received a new order worth Rs. 525 Crores for the supply of various types of pipes from Domestic\/International Customers. The order is to be executed in the next 6-7 months.&nbsp;<\/p><p>Man Industries Limited has a total unexecuted order book of ~Rs. 1600 Crores that is to be executed in the next 6-7 months. It has also been awarded with the Certificate of Appreciation for being the Top Exporter of Kandla Customs for the financial year 2023-24 for its work undertaken in the field of export.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4083532234\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Recently Ace Investor Ashish Kacholia was allotted 13.62 lakh equity shares in Man Industries at Rs. 367 for a consideration of ~Rs.50 Crores, on a preferential basis.&nbsp;<\/p><p>Man Industries Limited also achieved a significant milestone after the successful testing of its pipes for safe hydrogen transportation conducted by a leading European Research Centre for hydrogen transport.&nbsp;<\/p><p>Man Industries Limited is engaged in the business of manufacturing and trading longitudinal submerged arc welded (LSAW) and helically submerged arc welded (HSAW) pipes used for various purposes in industries such as oil &amp; gas, water supply, sewerage, agriculture, construction, and many more. <\/p><p>It has made Further diversification into Seamless Stainless Steel Pipe to serve the Chemical, Oil and gas, and Fertilizers industry.\u00a0<\/p><p>It has a strong customer base with well-known players like Reliance, Larsen &amp; Toubro, ONGC, Adani, Shell Global Solutions, BPCL, IOCL, Kuwait Oil Compan and many more.&nbsp;<\/p><p>Its revenue from operations grew 4.34 percent, from Rs. 2,139 Crores in FY22 to Rs. 2,231 Crores in FY23, accompanied by profits of Rs. 102 Crores to Rs. 68 Crores.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-312630535\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1082518090\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Multibagger stock engaged in manufacturing and trading of steel pipes used in oil and gas, the hydrogen industry, and other industries jumped 5 percent in the day\u2019s trade upon receiving a work order worth Rs. 525 Crores&nbsp; With a market capitalization of Rs. 2,495 Crores, the shares of Man Industries Limited were trading at Rs. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":40460,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[9261,948,936],"class_list":["post-118942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-man-industries-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Steel stock jumps 5% after receiving new order worth \u20b9 525 Cr; Check the details - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Multibagger stock engaged in manufacturing and trading of steel pipes used in oil and gas, the hydrogen industry, and other industries jumped 5 percent in the day\u2019s trade upon receiving a work order worth Rs. 525 Crores\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/steel-stock-jumps-5-after-receiving-new-order-worth-525-cr-check-the-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Steel stock jumps 5% after receiving new order worth \u20b9 525 Cr; 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