Shares of steel pipe makers outperform markets by over seven times

After bottoming out in November 2016, the share price of steel pipe manufacturing companies outpaced the benchmark Sensex and Nifty by over seven times due to sudden spurt in the products' demand from gas and water sectors.

While Sensex and Nifty have gained 19 per cent growth since November 9 when the share price of leading steel pipes manufacturers - Man Industries and Welspun Corp - had hit 52-week low, these individual stocks have gained by 135 per cent and 140 per cent respectively during this period. Trading currently at Rs 93.40 apiece and Rs 130.65 apiece, the share price ...

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