Stocks to Watch, 01 October: Stocks like Indian Renewable Energy Development Agency, Atlantaa, Lupin, Oil India, Adani Total Gas, RITES, Man Industries, Swan Defence, SKF India, Adani Enterprises, Newgen Software Technologies, and RateGain Travel Technologies will be in focus on October 01.
The order has propped up MAN Industries' total unexecuted orderbook to an all-time high of Rs 4,700 crore, with exports making up nearly 80 percent of the share.
This order entails supplying API 5L grade line pipes for an offshore LNG project through competitive international bidding, MAN Industries said in a statement.
Emkay Global Financial is bullish on Man Industries has recommended buy rating on the stock with a target price of Rs 500 in its research report dated July 08, 2024.
Man Industries Share Price | Reputable oil & gas international company awarded contract to supply high value-added line pipes of API5L Grade.
The order for supplying a range of pipes will have to executed in over six to eight months
Promoters buying their shares is a good enough sign that the stock may be undervalued but keep an eye on the quantum of purchase, say experts
The share touched a 52-week high of Rs 459 and a 52-week low of Rs 83.21 on 05 February, 2024 and 16 March, 2023, respectively.