Shares of Man Industries gained more than a percent to hit a 52-week high of Rs 244.70 on November 6 morning after the company received new orders worth Rs 380 crore.
The total unexecuted order book as on date stood at approximately Rs 1,400 crore to be executed in six months, the company said. The latest contract is for the supply of various types of pipes.
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Earlier in this month, the company secured around Rs 400-crore orders from a domestic customer for various types of pipes.
A meeting of the board of directors of Man Industries (India) is scheduled on November 8 to consider and approve the unaudited financial results of the company for the quarter and half year ended September 30, 2023.
During the quarter ending June 2023, the company recorded a net profit of Rs 11.88 crore, which is a 13 percent increase from Rs 10.50 crore in the same quarter of the previous year.
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