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Maharashtra Seamless shares gain 8% on order win from ONGC, check details

Maharashtra Seamless shares gain 8% on order win from ONGC, check details

MAHSEAMLES634.15(3.86%)

Maharashtra Seamless shares gained 7.49% to Rs 964.35 against the previous close of Rs 897.15 on BSE. Market cap of the firm rose to Rs 12,312 crore.

Aseem Thapliyal
Aseem Thapliyal
  • Updated Apr 12, 2024 11:36 AM IST
Maharashtra Seamless shares gain 8% on order win from ONGC, check detailsMaharashtra Seamless manufactures seamless pipes & tubes and has wide product range with the world renowned CPE technology.

Shares of Maharashtra Seamless rose nearly 8% in early deals after the iron and steel products maker said it received order with basic value of Rs  674 crore approximately from ONGC Ltd. for supply of casing seamless pipes.

Maharashtra Seamless shares gained 7.49% to Rs 964.35 against the previous close of Rs 897.15 on BSE. Market cap of the firm rose to Rs 12,312 crore.

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The firm said gradual dispatches will be carried out within 44 weeks.

Maharashtra Seamless manufactures seamless pipes & tubes and has wide product range with the world renowned CPE technology.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
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ABOUT THE AUTHOR

Aseem Thapliyal
Aseem Thapliyal

A journalist with over 12 years' experience, who tracks trends in the share market and writes stock market stories. An active follower of Sensex and Nifty, I capture stocks in news and analysis by share market experts and brokerages on their outlook and price targets. I cover company news/earnings leading to a rally or crash in particular stocks or stock market indices. Also track impact of global stock markets on their Indian peers. I have worked with Live Mint and NDTV Profit in previous stints. My hobbies are exploring new places, travelling, watching movies, spending time with friends and family, watching web series, playing cricket and football. I have completed graduation from Delhi University along with a PG Diploma in journalism from IIMC. I can be reached easily via social media platforms.

Published on: Apr 12, 2024 11:36 AM IST