Synopsis :

Shares of a major pipe manufacturer dropped 16% after SEBI barred its top three executives from market access for two years. Despite a minor revenue decline, net profit surged 47%, backed by robust operations, large-scale production, and strategic expansion projects.

The shares of the prominent pipe manufacturer plummeted up to 16 percent in the morning session after the Securities and Exchange Board of India (SEBI) issued an order barring the top three executives from accessing the securities markets for two years.

With a market capitalization of Rs 2,630.59 crore, the shares of Man Industries (India) Ltd were trading at Rs 353.05 per share, decreasing around 13.11 percent as compared to the previous closing price of Rs 406.30 apiece.

SEBI Order

The shares of Man Indu

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