Man Infraconstruction in demand on bagging orders worth Rs 113 crore

21 Mar 2012

Man Infraconstruction is currently trading at Rs. 165.45, up by 2.35 points or 1.44% from its previous closing of Rs. 163.10 on the BSE.

The scrip opened at Rs. 188.20 and has touched a high and low of Rs. 188.20 and Rs. 162.00 respectively. So far 49623 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 188.20 on 21-Mar-2012 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. 188.20 and Rs. 148.50 respectively. The current market cap of the company is Rs. 823.68 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 secured work orders aggregating to approximately Rs 113 crore for construction of residential towers in Mumbai and Pune respectively from Tata Housing Development Company and Flagship Infrastructure.

Earlier in February this year, the company had bagged order worth Rs 145 crore for civil and structural works for residential towers from Ascent Construction at Acme Ozone, Ghodbunder Road in Thane.

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

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