Technical analyst Simi Bhaumik has maintained 'buy' rating on Man Industries (India) Limited stock to attain a short-term target of Rs 105-110.

According to analyst, the interested investors can buy the stock with a stop loss of Rs 86.

The stock of the company, on May 04, closed at Rs 93.30 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 18.89 and 5.10 respectively.

The share price has seen a 52-week high of Rs 109.90 and a low of Rs 55.10 on BSE.

MAN Industries (India) announced that it has bagged orders worth Rs 550 crore from a range of international and domestic customers for the supply of big diameter pipes for the oil and gas division.

The orders are for supplying about 1 lakh tonnes of large diameter pipes in both LSAW as well as HSAW sections.

With the most recent contracts, MAN Industries (India)'s overall order-book remains at around Rs 1,700 crore as on date.

These contracts are to be accomplished by the next 12-15 months.

The steel pipe maker's Chairman Mr. R C Mansukhani stated, "It is a matter of great satisfaction for the company that despite tough competition it continues to procure sizeable orders from domestic as well as international clients."