India's Man Infraconstruction rises on residential project launch

Man Infraconstruction

25/11/2022 07:12

** Shares of Indian construction company Man
Infraconstruction Ltd  MANI.NS  rise as much as 3.1% to 78.85 
rupees, highest since Nov. 24
    ** Co to launch premium residential project in Mumbai;
potential revenue of 8.50 billion Indian rupees ($104.28
million) on the cards
    ** More than 340,000 shares change hands, 1.2x the 30-day
avg of 289,126 shares
    **Co is involved in civil construction business, providing
engineering, procurement, and construction (EPC) services as
well as real estate development services 
    ** Stock down 24.8% YTD, as of last close
($1 = 81.5130 Indian rupees)
 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))