Maharashtra Seamless Limited, incorporated in 1988, is engaged in the business of manufacturing of Steel Pipes and Tubes. It is also engaged in power generation. The company commands a 55% market share in the seamless pipes sector and holds an 18% market share in the API-certified, high-frequency ERW pipes sector.
Buying at CMP – 897 (25-04-2024)
Short term target – 1090 (near 52 weeks high). SL – 776 daily closing
Good Consolidation in weekly chart and trying to break resistance of 900 in daily chart.
Weekly Chart
Daily Chart
The company has potential to grow huge become multibagger and can hold for years
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