 "Man Industries gains on export orders of Rs 510 crore")
Man Industries (India) has surged 14% to Rs 68.70 on the NSE after the company said it has received orders worth Rs 510 crore from the international market.
The new order intake will result in significant improvement in performance of the company in the current fiscal year, Man Industries said in a statement.
With these new orders, the outstanding executable order book as on date stands at about Rs 1,300 crore. The company expects good order inflows in the near future from the outstanding bids which are at various levels of evaluation by the clients.
The stock opened at Rs 63.90 and touched a high of Rs 69.40 on the NSE. The trading volumes on the counter jumped more than two times, with a combined 2.12 million shares changing hands on the NSE and BSE till 1038 hours.
The new order intake will result in significant improvement in performance of the company in the current fiscal year, Man Industries said in a statement.
With these new orders, the outstanding executable order book as on date stands at about Rs 1,300 crore. The company expects good order inflows in the near future from the outstanding bids which are at various levels of evaluation by the clients.
The stock opened at Rs 63.90 and touched a high of Rs 69.40 on the NSE. The trading volumes on the counter jumped more than two times, with a combined 2.12 million shares changing hands on the NSE and BSE till 1038 hours.
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