Shares of steel pipe makers outperform markets by over seven times

Time: 2018-07-20

Shares of steel pipe makers outperform markets by over seven times

Stocks surge on PM's NE policy, gas and water supply pipeline projects offer huge growth potential

Dilip Kumar Jha  |  Mumbai 

AddThis Sharing Buttons

After bottoming out in November 2016, the share price of steel pipe manufacturing companies outpaced the benchmark Sensex and Nifty by over seven times due to sudden spurt in the products' demand from gas and water sectors.

While Sensex and Nifty have gained 19 per cent growth since November 9 when the share price of leading steel pipes manufacturers - Man Industries and Welspun Corp - had hit 52-week low, these individual stocks have gained by 135 per cent and 140 per cent respectively during this period. Trading currently at Rs 93.40 apiece and Rs 130.65 apiece, the share price ...

email this article

Message:Recipients' Email:Type address separated by commas
Your Email:

After bottoming out in November 2016, the share price of steel pipe manufacturing companies outpaced the benchmark Sensex and Nifty by over seven times due to sudden spurt in the products' demand from gas and water sectors.

While Sensex and Nifty have gained 19 per cent growth since November 9 when the share price of leading steel pipes manufacturers - Man Industries and Welspun Corp - had hit 52-week low, these individual stocks have gained by 135 per cent and 140 per cent respectively during this period. Trading currently at Rs 93.40 apiece and Rs 130.65 apiece, the share price ...

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs 1999 A YEAR

Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber? LOGIN NOW

SMART ANNUAL

Business Standard Digital

Business Standard Digital - 12 Months
1999.00
subscribe
Pay as you go
Payment though credit card only
Auto renewed (Subject to your card issuer's permission)
Exclusive invite to select Business Standard events
Cancel any time in the future
Choose Payment Method

Note: Subscription will be auto renewed, you may cancel any time in the future without any questions asked.

Total Amount
Rs. 1999.00

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

NOTE :

  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the mail with the request to  assist@bsmail.in Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.

Support / Assistance

  • Email us
    Business Hours
    : 9.30 am to 6 pm on business days
    Non-Business Hours
    : Saturday, Sunday, Public Holidays and beyond the above - please expect a delayed response.
First Published: Tue, August 01 2017. 01:19 IST