India's Man Infraconstruction hits record high on Mumbai residential project launch

Man Infraconstruction

29/01/2024 07:14

** Shares of Man Infraconstruction  MANI.NS  rise as much as
7.20% to a record high of 242 rupees 
    ** Stock logs biggest intraday percent rise in more than two
months
    ** The engineering, procurement and construction (EPC)
company launches a luxury residence project in Mumbai, featuring
4 lakh square feet carpet area for sale
    ** MANI expects strong sales momentum for the project and
aims to generate revenue of 12 billion rupees in next four years
from the project
    ** Stock twice as active as in the last 30 days, as of 12:38
p.m. IST - LSEG data 

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))