Man Industries Ltd @ 54 #Closed - Target achieved on 10.03.10#

Man Industries (India) Ltd. is a member of The Man Group, UK. 

• CO is in the business of manufacturing large diameter Carbon Steel Line Pipes for various high pressure transmission applications for Gas, Crude Oil, Petrochemical Products and Potable Water.
• It alsomanufactures for various types of Anti-Corrosion Coating Systems and Aluminum Extrusion Products.
• The global investment scenario for Oil and Gas Transportation is extremely positive.May get benifited from govt 's project to build a national gas grid.
  
•  Co's current order book stands at Rs 2500 crore. Significant  part  of  these  latest  orders will be
  executed in the current financial year
• Co has been securing  repeat order from competitive Gulf market which indicates the capabilities of management to deliver
• D/E ratio is 0.89. P/BV is 0.7. Has been paying regular dividend since 2002.

Promoters have been increasing their stake since last two weeks. Expecting good performance from this small cap in next 2-3 qtrs.

Invest for a period of 1 yr..... Tgt 71+...