India's Man Infraconstruction falls to 1-1/2-year low on block deal

Man Infraconstruction

27/03/2023 09:23

** Shares of Man Infraconstruction Ltd  MANI.NS  fall as
much as 5.2% to 66.2 rupees, their lowest since Sept 28, 2021
    ** Stock of the Indian construction firm falls most since
Dec 23, 2022
    ** Nearly 933,000 shares change hands in a block at a price
of 67.35 rupees apiece, a 3.5% discount to last close
    ** Stock on track to fall for a thirteenth session, if
losses hold
    ** Over 1.4 mln shares traded, 3.3X the 30-day moving
average
    ** Stock lost 27.1% last year 
    

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com;))