Maharashtra Seamless is currently trading at Rs. 314.45, up by 15.05 points or 5.03% from its previous closing of Rs. 299.40 on the BSE.
The scrip opened at Rs. 302.90 and has touched a high and low of Rs. 323.00 and Rs. 300.35 respectively. So far 66459 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 323.00 on 10-Feb-2017 and a 52 week low of Rs. 131.10 on 29-Feb-2016.
Last one week high and low of the scrip stood at Rs. 323.00 and Rs. 275.40 respectively. The current market cap of the company is Rs. 2093.40 crore.
The promoters holding in the company stood at 59.80%, while institutions and non-institutions held 12.79% and 27.41% respectively.
Maharashtra Seamless has successfully bagged prestigious ONGC order worth Rs 421 crore ($ 61 million) for supply of seamless casings to ONGC against stiff competition from domestic as well as foreign manufactures from China, Russia, Ukraine, Romania, Argentina and others.
Maharashtra Seamless provides a whole range of high-class, customizable and innovative seamless pipes and tubes using state-of-art technology. The company also manufactures ERW Pipes and Coated Pipes. The company also engaged in the business of Wind Power, Steel Pipes & Tubes.