The company announced new orders during trading hours today, 17 February 2012.

Meanwhile, the BSE Sensex was up 221.78 points, or 1.22% to 18,375.77.

On BSE, 75,000 shares were traded in the counter as against average daily volume of 49,422 shares in the past one quarter.

The stock hit a high of Rs 115.90 and a low of Rs 111.10 so far during the day. The stock had hit a 52-week high of Rs 161.70 on 22 July 2011. The stock had hit a 52-week low of Rs 54.30 on 15 March 2011.

The stock had underperformed the market in past one month till 16 February 2012, rising 2.41% compared with the Sensex's 12.14% gain. The scrip had also underperformed the market in past one quarter, falling 15.74% as against Sensex's 8.21% gain.

The small-cap steel pipe maker has an equity capital of Rs 27.64 crore. Face value per share is Rs 5.

With the latest orders from the Middle East, the company's outstanding order book stands at approximately Rs 1600 crore. These orders are to be executed over a period of next 9 to 12 months, MAN Industries (India) said in a statement. In addition to the confirmed orders, the company has outstanding bids of over Rs 4500 crore at various stages of evaluation for several other oil, gas and water projects in India and abroad, the company said.

MAN Industries (India)'s net profit rose 7.1% to Rs 27.48 crore on 6.8% growth in net sales to Rs 498.12 crore in Q3 December 2011 over Q3 December 2010.

MAN Industries (India) is a leading manufacturer of saw pipes (line pipes) and coating systems for high-pressure oil & gas applications with a potential production capacity of approximately one million metric tonnes of saw pipes per annum. The company's operations are spread globally with offices in UK and UAE besides India.