Man Infraconstruction surges on securing IOA for residential development in Bandra West
Man Infraconstruction is currently trading at Rs. 115.00, up by 1.68 points or 1.48% from its previous closing of Rs. 113.32 on the BSE.
The scrip opened at Rs. 114.40 and has touched a high and low of Rs. 117.21 and Rs. 113.32 respectively. So far 173239 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 179.75 on 24-Sep-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. 117.06 and Rs. 98.97 respectively. The current market cap of the company is Rs. 4686.57 crore.
The promoters holding in the company stood at 62.52%, while Institutions and Non-Institutions held 3.04% and 34.43% respectively.
Man Infraconstruction (MICL Group) has secured the Intimation of Approval (IOA) for its ultra-luxury sea-view residential development located off Bandstand, Bandra West, Mumbai. The development will be named ‘Berkeley House’ (The One & Only) within the company’s MS Collection Residences vertical--a boutique sea-view residential offering catering to the premium luxury segment.
The company expects Berkley House to soon enter the market, further building momentum for its Bandra portfolio. It remains confident of launching the project in FY27, as guided earlier. MICL Group holds approximately 70% stake in the newly acquired project-Berkeley House, off Bandstand, Bandra West project.
