India's Man Infra rises to record high on redevelopment project plan

Man Infraconstruction

29/12/2023 06:56

** Shares of Man Infraconstruction  MANI.NS  rise as much as
4.5% to record high of 217 rupees, currently trading 3.9% higher
    ** The construction engineering co says it will redevelop a
property in Mumbai, which is expected to generate 5 bln rupees
($60.16 mln) in revenue 
    ** Shares of MANI were trading ~2% higher before the news
    ** Stock on track to rise for three straight quarters,
gaining ~216% during the period
    ** MANI traded most in a quarter since Sept-qtr FY22
    ** Stock extends YTD rise to ~192%, its second-highest
yearly gain since listing in March 2010





($1 = 83.1100 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))