MANINDS

Shares of Man Infraconstruction Limited witnessed a sharp rally of around 7% during Wednesday’s trading session after the company announced a significant redevelopment project win in South Mumbai. The development has boosted investor sentiment, given the project’s strong revenue visibility and the company’s growing presence in the premium real estate segment. The stock opened at ₹116.90 per share, slightly higher than its previous closing price of ₹116.34 on Tuesday. As trading progressed, the buying momentum intensified, pushing the stock to an intraday high of ₹124.48 on the NSE. The rally reflects market optimism around the company’s expansion strategy and its increasing focus on high-value redevelopment projects in Mumbai’s prime locations.