20 Aug 2024

Mishra Dhatu Nigam's Stock Rises After Securing ₹285 Crore Order

Mishra Dhatu Nigam's stock price increased slightly to ₹435.15, a rise of 0.15% or 0.65 points from its previous close of ₹434.50 on the BSE.

The stock opened at ₹437.70 and fluctuated between a high of ₹445.00 and a low of ₹433.10. A total of 14,866 shares were traded during the session.

The company's stock, categorized under BSE group 'A' with a face value of ₹10, has seen a 52-week high of ₹547.45 on February 5, 2024, and a 52-week low of ₹345.00 on March 13, 2024. In the past week, the stock reached a high of ₹445.00 and a low of ₹401.20. The current market capitalization of Mishra Dhatu Nigam stands at ₹8,177.39 crore.

Promoters hold a 74.00% stake in the company, while institutional and non-institutional investors own 10.60% and 15.40% respectively.

Mishra Dhatu Nigam (MIDHANI) has recently secured an order worth ₹285 crore. This brings the company's total outstanding orders as of August 19, 2024, to approximately ₹2,098 crore. Earlier, MIDHANI had secured another order valued at ₹139 crore.

Mishra Dhatu Nigam, based in Hyderabad, Andhra Pradesh, is India's leading facility for manufacturing specialized metals and metal alloys.