MAN Industries Shares Waver After Being Added To Qatar Energy LNG's Approved Vendor List

While the Indian indices are vying, trying to make sense of US president Donald Trump's tariff.

Trump announced his much-talked-about reciprocal tariffs on all of the US's trading partners, including India.

LNG Approved List

Meanwhile, some companies are trading in the opposite direction of the wind of the market. One of the company stocks to do that is Mumbai-based manufacturing company Man Industries (India) Ltd.

The company shares rose by over 1 per cent. However, this did not last long. The company shares soon plummeted as the day's trade progressed further.

This came to pass after the company announced that its name has been included in Qatar Energy LNG's Approved Vendor List.

As a result of this development, the company now attains global recognition, thereby fostering its growth in Qatar and other territories.

The company claimed that it met Qatar Energy LNG’s stringent standards for product quality, safety, and reliability.

The company will also see an increased footprint in producing steel pipes for diverse applications, including oil and gas, water, and infrastructure.

Man Industries (India) Ltd

As a result of this, the company shares jumped in the intraday trade on Thursday, while majority of the market was in decline. Despite that, as mentioned above, the company shares lost momentum.

At the time of writing, the company shares dipped by a massive 1.14 per cent or Rs 3.35. This took the overall value of the company shares to Rs 290.10 per piece.

The company's 52-week high stands at Rs 513.70, meanwhile, the company share's 52-week low stands at Rs 201.55 per piece.