Hot Pursuit     25-Oct-10
Man Infraconstruction in demand after new orders
Man Infraconstruction jumped 3.44% at Rs 372.70 at 15:01 IST on BSE after the company bagged orders worth Rs 383 crore.

The company announced the order win during trading hours today, 25 October 2010.

Meanwhile, the BSE Sensex was up 125.46 points, or 0.62%, to 20,291.69.

On BSE, 2.82 lakh shares were traded in the counter as against an average daily volume of 93,375 shares in the past one quarter.

The stock hit a high of Rs 381.40 and a low of Rs 363 so far during the day. The stock had hit a record high of Rs 408.45 on 22 March 2010 and all-time low of Rs 284 on 27 July 2010.

The stock had outperformed the market over the past one month till 22 October 2010, soaring 13.55% compared with the Sensex's 1.12% rise. It had also outperformed the market in past one quarter, spurting 21.66% as against 11.33% rise in the Sensex.

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

The company won a civil and structural work order worth Rs 143 crore for residential towers at Pune. It also won a Rs 179 crore civil and finishing work order for residential towers at Thane. Further, the company won two orders worth Rs 51 crore and Rs 10 crore each from DB Group for their two projects in Mumbai.

On a consolidated basis, Man Infraconstruction's net profit rose 11% to Rs 22.83 crore on 31.6% increase in net sales to Rs 146.19 crore in Q1 June 2010 over Q1 June 2009.

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