India's Maharashtra Seamless Ltd rises on $81 mln order win

Maharashtra Seamless

12/04/2024 05:07

** Steel pipes and tubes maker Maharashtra Seamless Ltd's
 MHSM.NS  shares rise as much as 7.5%, highest since March 7
    ** MHSM got order worth 6.74 bln rupees ($80.8 mln) from
ONGC  ONGC.NS  for supply of casing seamless pipes
    ** Stock set for best day in nearly a month, if gains hold
    ** MHSM sees second-most active day of 2024, nearly 600,000
shares traded by 9:25 a.m. IST
    ** Session's gains help MHSM turn green for the year; stock
up ~2% YTD

 ($1 = 83.3700 Indian rupees)

 (Reporitng by Nishit Navin)
 ((nishit.navin@thomsonreuters.com))