Man InfraConstruction is currently trading at Rs. 64.85, up by 0.70 points or 1.09% from its previous closing of Rs. 64.15 on the BSE.
The scrip opened at Rs. 64.85 and has touched a high and low of Rs. 65.70 and Rs. 64.25 respectively. So far 108134 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 66.10 on 06-Jul-2017 and a 52 week low of Rs. 34.45 on 21-Nov-2016.
Last one week high and low of the scrip stood at Rs. 66.10 and Rs. 59.05 respectively. The current market cap of the company is Rs. 1611.23 crore.
The promoters holding in the company stood at 62.04%, while institutions and non-institutions held 1.34% and 36.62% respectively.
Man Infraconstruction’s group entities Man Realtors and Holdings and MICL Developers LLP has acquired development rights in respect of 14 buildings in MHADA layout at Ghatkopar East and 2 buildings in MHADA layout at Tagore Nagar Layout, Vikhroli East, respectively.
The Government of Maharashtra, Urban Development Department on July 3, 2017, has notified its long awaited amendment to the Regulation 33(5) of Development Control Regulations (DCR), Greater Mumbai, 1991 in respect of redevelopment of MHADA layouts.
Thus, new MHADA policy will help to fast track approval process and commencement of the company’s aforesaid Projects.
Man Infraconstruction is a construction company with over 5 decades of experience in providing construction services for Port infrastructure, Residential, Industrial, Commercial and Road infrastructure Projects.
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