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Maharashtra Seamless rises 5% on order wins from ONGC

3 December, 2018 9:38 AM
47 0
Maharashtra Seamless rises 5% on order wins from ONGC

Share price of Maharashtra Seamless rose 5 percent intraday Monday on the back of order win worth Rs 920 crore from ONGC.

Maharashtra Seamless has successfully bagged Rs 920 crore order for supply of seamless casings, tubings, line pipes and ERW pipes from India's premier national oil company ONGC against stiff competition from domestic/foreign manufacturers.

At 15:05 hrs Maharashtra Seamless was quoting at Rs 495.55, up Rs 19.45, or 4.09 percent on the BSE.

The share touched its 52-week high Rs 550 and 52-week low Rs 406.10 on 11 January, 2018 and 22 May, 2018, respectively.

Currently, it is trading 9.9 percent below its 52-week high and 22.03 percent above its 52-week low.

Also read: Dhanuka Agritech up 3% ahead of meeting for buyback


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