Man Infraconstruction is attracting today; opening 12% higher at Rs.178.10, the stock soon zoomed to hit a new 52-week high at Rs.180.95 and is still trading at these high levels, as of now.
The reason for this sudden attention on this counter is because the company said that it has called a Board meeting on the 29th of Nov to consider a proposal for raising funds.
The company, based in Mumbai is into EPC as well as real estate, which is buzzing with activity. Its project launch in Mumbai in Oct’23, “Aaradhya Avaan”, building one of the tallest residential towers of India has attracted a lot of attention. It also acquired two new projects – one on Ghatkopar East and another in Goregaon West in current fiscal, taking its total realty portfolio to 5.9 million sq.feet.