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Thursday, 9 February 2017

Maharashtra Seamless has bagged an order from ONGC worth Rs 421 crore for the supply of seamless casings amid global and domestic competition.

The stock of the company has spiced up in trade, and in the last one year the stock has surged by 98.47%, outperforming the BSE Small-cap index. It is trading with a P/E of 17.70.

Reliance Mutual Fund is the top fund house which has invested in the stock of the company. Maharashtra Seamless is a market leader in seamless and ERW pipes in the country.

Maharashtra Seamless Ltd is currently trading at Rs 293.8, up by Rs 16.35 or 5.89% from its previous closing of Rs 277.45 on the BSE. The scrip opened at Rs 282.4 and has touched a high and low of Rs 298.35 and Rs 280 respectively. So far 395627(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1858.9 crore.

The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs 290.5 on 05-Jan-2017 and a 52 week low of Rs 131.1 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs 283.2 and Rs 275.4 respectively.

The promoters holding in the company stood at 59.8 % while Institutions and Non-Institutions held 12.79 % and 26.59 % respectively. The stock is currently trading above its 50 DMA.

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