Maharashtra Seamless rose 0.93% to Rs 190 at 12:00 IST on BSE, on bagging a large order worth Rs 757 crore.
The stock hit a high of Rs 200 and a low of Rs 180 so far during the day. The stock has a 52-week high of Rs 660 on 4 January 2008 and a 52-week low of Rs 132.40 on 27 October 2008.
The company's current equity is Rs 35.27 crore. Face value per share is Rs 5.
The current price of Rs 190 discounts the company's Q2 September 2008 annualized EPS of Rs 36.24, by a PE multiple of 5.24.
Maharashtra Seamless has bagged an order worth Rs 757 crore from Oil & Natural Gas Corporation for supply of seamless casing pipes. The project is to be completed in next 15 months.
With this latest order, Maharashtra Seamless' total order book stands at Rs 1370 crore.
Maharashtra Seamless' net profit rose 9.9% to Rs 63.91 crore on 52.2% increase in net sales to Rs 586.93 crore in Q2 September 2008 over Q2 September 2007.
Maharashtra Seamless manufactures carbon and alloy steel seamless pipes. Seamless pipes find application in oil exploration, boilers, ball bearings, roller bearings, automobiles, fertilizers and petrochemicals.
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