Steel Pipe

Total expenses were at Rs 1,899.51 crore, down 3.91 per cent in the December quarter of 2022-23 compared to the year-ago period

The stock has zoomed 146 per cent from its issue price of Rs 153 per share, post its market debut on April 13, 2022.

With Wednesday's gain, the stock of Venus Pipes has zoomed nearly 100 per cent against its issue price of Rs 326 per share

Welspun Corp on Thursday said its associate company, East Pipes Integrated Company for Industry, has received an order of 324 million Saudi Riyal (around Rs 689 crore)

Bull Moose Tube, a subsidiary of the London-headquartered Caparo group, has announced plans to build a 350,000 tonnes per year high speed steel and sprinkler pipe mill in Texas

A report from Edelweiss Research suggests 20-25% decline in the prices of hot rolled coil (HRC) and steel raw materials

A Crisil report says CGD orders will need at least 10,000-15,000 km a year of pipes through fiscal 2029, entailing an opportunity of over Rs 5,000 cr a year over 10 years

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 of Man Industries and Welspun Corp has witnessed a marginal profit booking from its 52-week high of Rs 98.80 apiece and Rs 134.45 apiece on July 18 and July 25 respectively.Another stock in this segment - Jindal Saw - also followed suit with its share price hitting the bottom on September 2, '16 before bouncing back to hit 52-week high to Rs 100.90 apiece in intraday trade on Monday before settling down to Rs .