Mishra Dhatu Nigam stock surges 13% after order win

The company has secured an order worth ~Rs475cr.

Mar 05, 2019 06:03 IST India Infoline News Service

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Shares of Mishra Dhatu Nigam Limited (MIDHANI) surged 13% on the BSE in Tuesday’s trade. The company has secured one order worth ~Rs475cr.

The cumulative order booking during the FY18-19 is ~Rs1,800cr, the company said in its BSE filing.

Mishra Dhatu Nigam Ltd is currently trading at Rs130.75 up by Rs14.9 or 12.86% from its previous closing of Rs115.85 on the BSE.

The scrip opened at Rs123 and has touched a high and low of Rs139 and Rs120.30 respectively.

The promoter holding in the company stood at 74%, while Institutions and Non-Institutions held 19.61% and 6.39%, respectively.

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