Weak Q4 numbers weigh on Man Infraconstruction

Man Infraconstruction slumped 5.61% to Rs 37 at 13:16 IST on BSE after consolidated net profit fell 66.2% to Rs 1.04 crore on 16% growth in net sales to Rs 61.76 crore in Q4 March 2016 over Q4 March 2015.

The result was announced after market hours yesterday, 19 May 2016.

Meanwhile, the S&P BSE Sensex was up 72.30 points or 0.28% at 25,472.02.

On BSE, so far 2.09 lakh shares were traded in the counter as against average daily volume of 1.47 lakh shares in the past one quarter. The stock hit a high of Rs 38.75 and a low of Rs 36.50 so far during the day. The stock had hit a 52-week low of Rs 28.85 on 12 February 2016. The stock had hit a 52-week high of Rs 52.15 on 25 May 2015. The stock had outperformed the market over the past one month till 19 May 2016, sliding 0.25% compared with Sensex's 1.61% fall. The scrip had also outperformed the market in past one quarter, advancing 28.74% as against Sensex's 7.13% 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. It provides construction services for port infrastructure, residential, industrial, commercial and road infrastructure projects.

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