Man Industries stock surges 3.5% after receiving new orders worth Rs225cr

Man Industries (India) Limited has received new orders worth approximately Rs225cr resulting in the new orders tally reaching ~Rs900cr in the current quarter.

With these new orders, the unexecuted order book as of date stands at ~Rs1700cr to be executed in six to seven months.

"The order reflects the robust business environment and also showcases the trust customers have in the company's technological and execution capabilities,” the company said in a filing on Thursday.

At around 2.18 pm, Man Industries (India) Ltd was trading at Rs97.70 per piece up by Rs3.35 or 3.55% from its previous closing of Rs94.35 per piece on the BSE.

The scrip opened at Rs95.70 and has touched a high and low of Rs99.65 and Rs93.60 respectively.