This share of this pipe making company ran at the speed of rocket, doubled its money in 1 year - Newztezz - Latest News Today, Breaking News, Top News Headlines, Latest Sports News

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Friday, October 6, 2023

This share of this pipe making company ran at the speed of rocket, doubled its money in 1 year

Man Industries Limited is engaged in making pipes. Its production capacity is 1 million tonnes. It is one of the largest manufacturers and exporters of LSAW and HSAW pipes in India. The company has two plants in India. One of its plants is located in Anjar in Kutch district of Gujarat. Whereas, the second plant is in Pithampur, Madhya Pradesh.

If you are planning to invest in the share market, then now is a good opportunity for you. Currently, many companies in the stock market are giving bumper returns to investors. But today we will talk about a stock which made its investors rich in one year. He has given up to 100 percent return to his investors in one year. That means those who bought this share became rich within a year.

Actually, the name of the company we are talking about is Man Industries (India) Limited. Amazing rise is being seen in its shares. In the last one year, the shares of Man Industries (India) Limited have done good business. It has given multibagger returns to its investors in one year. This means that the person who bought shares worth Rs 100 got Rs 200 as returns within a year. That means the shares of Man Industries (India) Limited have given 100 percent return to its investors.

Were doing business at the level of Rs 93.90

It is being said that shares of Man Industries (India) Limited were trading at the level of Rs 93.90 on October 6, 2022. At the same time, after one year today i.e. on 5th October its rate became Rs 191.40. In such a situation, it can be said that within one year it has given 100 percent return. If someone has invested Rs 1 lakh in this company on 6 October 2022, then today he will get Rs 2 lakh.

Received domestic order worth Rs 400 crore

Seeing the rise in the shares of the company, investors are getting attracted towards it. This is the reason why Man Industries (India) Limited has received a domestic order worth Rs 400 crore for the supply of pipes in 6 months. However, the company has non-executed order books worth Rs 1600 crore. Also, the company hopes that it can do a business of Rs 3,000 crore in the financial year 2024 and Rs 5,000 crore in the financial year 25.

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