Man Infraconstruction zooms on incorporating subsidiary company

Man InfraConstruction is currently trading at Rs. 63.85, up by 1.55 points or 2.49% from its previous closing of Rs. 62.30 on the BSE.

The scrip opened at Rs. 64.90 and has touched a high and low of Rs. 65.25 and Rs. 63.35 respectively. So far 295743 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 65.25 on 06-Jul-2021 and a 52 week low of Rs. 17.05 on 14-Jul-2020.

Last one week high and low of the scrip stood at Rs. 65.25 and Rs. 57.00 respectively. The current market cap of the company is Rs. 1581.53 crore.

The promoters holding in the company stood at 65.72%, while Institutions and Non-Institutions held 0.03% and 34.25% respectively.

Man Infraconstruction has incorporated a subsidiary company namely ‘MICL Creators LLP’ on July 02, 2021. The Company has incorporated a subsidiary for carrying out business of real estate and other related activities.

Man Infraconstruction (MICL) is an India-based company engaged in the business of civil construction. The Company’s operations consist of construction / project activities/real estate activities.