Stock market today, multi-bagger stocks: Shares of Man Industries jumped as much as 8.78 per cent to hit an all-time high of Rs 255 apiece on the BSE on Monday, November 6, after the company announced it had received new orders of approximately Rs 380 crore.
"The total unexecuted order book as of today stands at approximately Rs. 1400 crores (Rupees one thousand four hundred crores only) to be executed in 6 months. This order reflects the robust business environment and showcases the trust of the customers they have in the company’s technological and executional capabilities," the company said in its regulatory filing on Monday, November 6.
About Man Industries
The Man Group was promoted by the Mansukhani family in 1970. It is a diversified group, with its flagship company, Man Industries (India) Ltd incorporated in 1988. The main business line includes the manufacturing and coating of large-diameter carbon steel pipes, infrastructure, real estate, and trading.
Man Industries share price
The stock of the company has rallied 165 per cent in the past 12 months. In comparison, the Nifty50 index has risen over 6 per cent in the past 12 months. The stock is part of the S&P BSE SmallCap index.