New orders worth about Rs 1,000 crores received

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MANINDS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.8%1-day move

₹593.50

prior close

₹620.00

base price

After-mkt

timing

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-1.3-3.1-3.5-2.6-0.8+0.9-0.1-0.1-4.4-2.0-4.9-10.0——

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AI summary

Man Industries and its Saudi subsidiary NPC have bagged new orders worth about Rs 1,000 crores for supply of various types of pipes. This includes Rs 300 crores for the company and Rs 700 crores for NPC. Orders are to be delivered within 6 to 9 months from domestic and international customers. Consolidated unexecuted order book now stands at about Rs 4,100 crores.

Likely market impact

Strengthens revenue visibility with order book at Rs 4,100 crores, supporting near-term growth.