New orders worth Rs.600 Cr; total order book at Rs.4,100 Cr
MANINDS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 10.7 pts more than Nifty Microcap 250 and 10.2 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Man Industries India has secured new orders worth about Rs.600 Crores for supply of various types of pipes from domestic and international customers. These orders are to be executed within 6 to 9 months. With this, the company's total unexecuted order book stands at approximately Rs.4,100 Crores. The orders are not related party transactions and the promoter group has no interest in the customers awarding these orders. Management says the win reflects robust demand and customer trust in the company's technology and execution capabilities.
Positive: Rs.600 Cr new orders lift order book to Rs.4,100 Cr, giving strong revenue visibility for the coming quarters.