Man Infraconstruction jumps as board to consider stock split

Man Infraconstruction surged 6.57% to Rs 137.10 at 15:18 IST on BSE after the company said its board of directors will meet on 25 June 2014, to consider stock-split and declaration of interim dividend.

The announcement was made during market hours today, 17 June 2014.

Meanwhile, the S&P BSE Sensex was up 326.40 points or 1.3% at 25,516.88.

On BSE, so far 18,000 shares were traded in the counter as against average daily volume of 7,937 shares in the past one quarter.

The stock hit a high of Rs 139.95 and a low of Rs 130 so far during the day. The stock had hit a 52-week high of Rs 155.90 on 26 May 2014. The stock had hit a record low of Rs 84.30 on 17 February 2014.

The stock had outperformed the market over the past one month till 16 June 2014, surging 22.93% compared with the Sensex's 4.43% rise. The scrip had also outperformed the market in past one quarter, jumping 38.71% as against Sensex's 15.5% rise.

The small-cap construction company has equity capital of Rs 49.50 crore. Face value per share is Rs 10.

Man Infraconstruction's consolidated net profit declined 9% to Rs 3.66 crore on 6.6% growth in net sales to Rs 113.31 crore in Q4 March 2014 over Q4 March 2013.

Man Infraconstruction is engaged in construction, project activities and real estate development.

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