Powered by: Motilal Oswal
2026-05-18 02:13:19 pm | Source: Accord Fintech
Man Infraconstruction jumps on acquiring residential development project in Bandra West
Man Infraconstruction jumps on acquiring residential development project in Bandra West

Man InfraConstruction is currently trading at Rs. 119.80, up by 2.20 points or 1.87% from its previous closing of Rs. 117.60 on the BSE.

The scrip opened at Rs. 119.00 and has touched a high and low of Rs. 121.75 and Rs. 116.15 respectively. So far 197745 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 191.90 on 07-Jul-2025 and a 52 week low of Rs. 77.75 on 30-Mar-2026.

Last one week high and low of the scrip stood at Rs. 138.65 and Rs. 94.50 respectively. The current market cap of the company is Rs. 4835.92 crore.

The promoters holding in the company stood at 62.46%, while Institutions and Non-Institutions held 5.73% and 31.81% respectively.

Man Infraconstruction (MICL Group) has acquired an ultra-luxury sea-view residential development project located off Bandstand, Bandra West, Mumbai. This acquisition further strengthens MICL Group’s presence in one of Mumbai’s most prestigious and tightly held residential micro-markets. Strategically located off Bandstand, Bandra West, the newly acquired project is expected to have an estimated GDV of over Rs 1,000 crore and will be positioned as ‘The One & Only’ within our MS Collection Residences vertical--a boutique sea-view residential offering catering to the premium luxury segment.

Bandra continues to remain one of Mumbai’s most aspirational and supply-constrained residential destinations, supported by sustained end-user demand and strong pricing resilience. Spread across a plot area of over 30,000 sq. ft., the project has applied for its IOD and is currently progressing through the approval process ahead of launch.

With this addition, MICL Group’s total real estate portfolio now stands at an estimated GDV of over Rs 18,575 crore, while the launch pipeline for FY27 has expanded to nearly Rs 6,600 crore - the largest launch pipeline in the company’s history. MICL Group shall hold around 70% stake in the newly acquired off-Bandstand, Bandra West project. 

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here