Man Infra gains after strong Q1 result

Man Infraconstruction rose 1% to Rs 51.65 at 10:20 IST on BSE after consolidated net profit jumped 104.3% to Rs 12.36 crore on 6.18% fall in total income to Rs 53.76 crore in Q1 June 2016 over Q1 June 2015.

The result was announced after market hours yesterday, 24 August 2016.

Meanwhile, the S&P BSE Sensex was up 75.49 points or 0.27% at 28,135.43

On BSE, so far 7.04 lakh shares were traded in the counter as against average daily volume of 3.50 lakh shares in the past one quarter. The stock hit a high of Rs 52.80 in intraday trade so far, which is 52-week high for the counter. The stock hit a low of Rs 51.40 so far during the day. The stock had hit a 52-week low of Rs 28.85 on 12 February 2016. The stock had outperformed the market over the past 30 days till 24 August 2016, advancing 18.4% compared with Sensex's 0.3% rise. The scrip had also outperformed the market in past one quarter, surging 43.48% as against Sensex's 6.42% rise.

The small-cap company has equity capital of Rs 49.50 crore. Face value per share is Rs 2.

Man Infraconstruction is a construction company engaged in providing construction services for port infrastructure, residential, industrial, commercial and road infrastructure projects.

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