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The Rs 10-face value Man Industries stock, which closed at Rs 213.50 on the NSE on Friday, is being tracked for what analysts say are its expansion proposals and order book status. The company's new plant, which saw a partial disruption in production in early parts of fiscal 2007, is currently operational and is seen to be gaining from greater investment in oil infrastructure in West Asia.

For fiscal 2008, some brokerages expect earnings to scale up three-fold from its fiscal 2006 levels. The stock now trades at about 5.9x fiscal 2008 estimated EPS of Rs 35.7. On Friday, over 45,000 shares constituted its volumes on NSE. Its 52-week high and low are Rs 325 and Rs 125.05, respectively.

Nilanjan Dey

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