Meanwhile, the S&P BSE Sensex was up 106.50 points or 0.42% at 25,169.17.

On BSE, so far 1.74 lakh shares were traded in the counter as against average daily volume of 29,000 shares in the past two weeks.

The stock hit a high of Rs 180.35 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 154.10 so far during the day.

Shares of Man Infraconstruction have rallied 20.75% in two trading sessions from Rs 144.75 on 25 June 2014, after the company after market hours on 25 June 2014 said its board of directors approved 5-for-1 stock split. The stock had surged 3.83% to settle at Rs 150.30 on Thursday, 26 June 2014.

The company will seek shareholders' approval for the proposed stock split. The company will also seek shareholders' nod for borrowing funds in excess of aggregate paid-up share capital and free reserves of the company; and for creation of mortgage, charge, hypothecation, lien and other encumbrances.

Further, the firm will seek shareholders' approval for investing or providing loans and advances or giving guarantees/securities up to 100% of free reserves and securities premium account or Rs 900 crore, whichever is higher.

On a consolidated basis, Man Infraconstruction's 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.