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Man Infraconstruction gains after bagging orders

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rose 1.94% to Rs 55.15 at 10:53 IST on after the company said it received orders worth Rs 220.75 crore from

The announcement was made during trading hours today, 12 March 2018.

Meanwhile, the Sensex was up 313.80 points, or 0.94% to 33,620.94.

On the BSE, 54,000 shares were traded in the counter so far compared with average daily volumes of 64,000 shares in the past two weeks. The stock had hit a high of Rs 56 and a low of Rs 54.15 so far during the day. The stock hit a 52-week high of Rs 74.55 on 5 January 2018. The stock hit a 52-week low of Rs 37.80 on 21 March 2017.

said it has received orders worth Rs 220.75 crore from (PCMC) for construction of 2,376 residential units within the jurisdiction of PCMC under the Pradhan Mantri Awas Yojna (PMAY) Housing scheme. PMAY is a programme by the to ensure "by 2022".

On a consolidated basis, net profit of rose 12.01% to Rs 10.54 crore on 20.34% rise in net sales to Rs 165.34 crore in Q3 December 2017 over Q3 December 2016.

is a construction company headquartered in with over 5 decades of experience in providing for port infrastructure, residential, industrial, commercial and road infrastructure projects.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 12 2018. 10:55 IST