Man Infraconstruction soars on bagging order worth Rs 145 crore

21 Feb 2012

Man Infraconstruction is currently trading at Rs. 136.30, up by 5.05 points or 3.85% from its previous closing of Rs. 131.25 on the BSE.

The scrip opened at Rs. 132.50 and has touched a high and low of Rs. 139.80 and Rs. 130.50 respectively. So far 44028 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 183.00 on 24-Feb-2011 and a 52 week low of Rs. 90.00 on 30-Dec-2011.

Last one week high and low of the scrip stood at Rs. 145.80 and Rs. 116.30 respectively. The current market cap of the company is Rs. 645.98 crore.

The promoters holding in the company stood at 65.77% while Institutions and Non-Institutions held 2.85% and 31.38% respectively.  

Man Infraconstruction has bagged order worth Rs 145 crore for civil and structural works for residential towers from Ascent Construction at Acme Ozone, Ghodbunder Road in Thane.

Earlier in July 2011, the company bagged two orders aggregating about Rs 95 crore. The company received the first order from Park View Developers at Borivali in Mumbai for civil and structural works for residential towers while, it secured second order from Goldbricks Infrastructure at Nagpur.

Man Infra construction is a construction company providing construction services for port infrastructure, residential, industrial, commercial and road infrastructure projects.

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