India's Maharashtra Seamless hits record high on $18.97 mln order win

Maharashtra Seamless

04/09/2023 05:44

** Shares of steel pipes and tubes maker Maharashtra
Seamless  MHSM.NS  rise as much as 4.98% to an all-time high of 
586.95 rupees
    ** Stock on track for a fifth consecutive session of gains,
if trend holds 
    ** MHSM on Saturday said it got an order worth 1.57 billion
rupees ($18.97 million) from Oil India and IOCL for supply of
seamless pipes
    ** More than 598,000 shares change hands by 09:56 a.m. IST,
1.2x the 30-day avg
    ** Stock up 72.4% so far this year 




($1 = 82.7440 Indian rupees)

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))