Shares of were trading marginally higher on Friday, with buy sentiment firmly in control following the company’s disclosure of vendor empanelments with four major institutions.
At around 12.25 pm, the stock was quoted at ₹266.40 on the NSE, up ₹0.75 or 0.28 per cent from the previous close of ₹265.65. The stock opened at ₹266.10, touched an intraday high of ₹270.20 and a low of ₹263.40. Buy orders accounted for 83.74 per cent of the order book against 16.26 per cent on the sell side, with total quantity at 92,400 shares. Traded volume stood at 1 lakh shares with a traded value of ₹2.67 crore. The company’s total market capitalisation was at ₹791.23 crore.
The Ahmedabad-based stainless steel maker announced it had been empanelled as an approved vendor by QatarEnergy, Bharat Heavy Electricals Limited (BHEL), Engineers India Limited (EIL) and Gujarat State Fertilizers & Chemicals Limited (GSFC). The company said the approvals open access to international oil and gas supply chains as well as India’s power, refinery-petrochemical and industrial chemicals sectors.
MWL, which listed on the NSE main board in September 2025 after transitioning from the SME platform, has a 52-week range of ₹150 to ₹295.95. The stock has returned 67.55 per cent over the past year against the Nifty 50’s 7.23 per cent in the same period. Year-to-date, however, it is down 4.64 per cent.
Deliverable trades accounted for 79.40 per cent of total traded quantity, suggesting a degree of conviction among buyers. With roughly four hours of trade remaining, the stock’s direction will likely hinge on whether the vendor news sustains buying momentum through the session.