Man Infraconstruction jumps on incorporating subsidiary company
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Man InfraConstruction is currently trading at Rs. 98.05, up by 1.05 points or 1.08% from its previous closing of Rs. 97.00 on the BSE.
The scrip opened at Rs. 97.00 and has touched a high and low of Rs. 98.75 and Rs. 94.00 respectively. So far 80511 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 107.90 on 17-Nov-2021 and a 52 week low of Rs. 22.33 on 25-Jan-2021.
Last one week high and low of the scrip stood at Rs. 98.75 and Rs. 84.25 respectively. The current market cap of the company is Rs. 3571.43 crore.
The promoters holding in the company stood at 66.48%, while Institutions and Non-Institutions held 1.73% and 31.78% respectively.
Man Infraconstruction has incorporated a subsidiary company in the name of ‘MICL Estates LLP’ on December 23, 2021. The said incorporation is to carry out business of real estate and other related activities. Earlier, the company had incorporated a subsidiary company namely ‘MICL Creators LLP’ on July 02, 2021.
Man Infraconstruction is an India-based company engaged in the business of civil construction. The Company’s operations consist of construction / project activities/real estate activities.
