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Man Infraconstruction soars on securing OC for F-wing of `Atmosphere O2` project
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Man Infraconstruction is currently trading at Rs. 193.95, up by 4.50 points or 2.38% from its previous closing of Rs. 189.45 on the BSE.
The scrip opened at Rs. 188.05 and has touched a high and low of Rs. 200.75 and Rs. 188.05 respectively. So far 34452 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 249.40 on 05-Feb-2024 and a 52 week low of Rs. 136.95 on 07-Nov-2023.
Last one week high and low of the scrip stood at Rs. 200.75 and Rs. 184.35 respectively. The current market cap of the company is Rs. 7268.83 crore.
The promoters holding in the company stood at 67.31%, while Institutions and Non-Institutions held 5.66% and 27.04% respectively.
Man Infraconstruction has secured the Occupancy Certificate (OC) for the F-wing of its prestigious ‘Atmosphere O2’ project in Mulund West, Mumbai within around 3.5 years of its launch. This milestone is part of MICL Group’s consistent track record, having successfully delivered 2.8 million square feet of carpet area ahead of schedule, showcasing its expertise and commitment to timely project completion.
The Atmosphere O2 project spans around 7.2 lakh square feet of RERA carpet area and 18.6 lakh square feet of construction area, featuring three 47-storey residential towers and an 18-storey commercial tower. The project with a revenue potential of about Rs 1,650 crore is almost sold out and has made a total collection of about Rs 1475 crore as of Sep-24 from its bookings. This reflects the overwhelming demand and confidence that buyers have placed in MICL Group's premium offerings.
Following the resounding success of Atmosphere (Phase 1), Atmosphere O2 has emerged as one of the most sought-after gated community projects in Nahur, Mulund West. Launched in November 2019, MICL Group delivered Towers D & E in September 2023, followed by the completion of Tower F in September 2024.
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.
