India's Man Infraconstruction up on Mumbai residential project

Man Infraconstruction

06/06/2023 06:17

** Shares of Man Infraconstruction Ltd  MANI.NS  rise as
much as 2.2% to 102.15 rupees; touch highest level since May 4,
2022
    ** Stock of construction co on track for third consecutive
session of gains if trends hold 
    ** Co on Tuesday said it plans to develop residential
project at Ghatkopar East, Mumbai 
    ** This project has the potential to generate 12 billion
rupees ($145.31 million) in the next four years, the co said in
a statement 
    ** More than 1 mln shares change hands by 10:40 a.m. IST,
0.9x the 30-day avg - Refinitiv data    
    ** As of last close, stock up 34.7% YTD

($1 = 82.5800 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))