{"id":118144,"date":"2024-01-29T15:14:29","date_gmt":"2024-01-29T09:44:29","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=118144"},"modified":"2024-01-29T16:08:48","modified_gmt":"2024-01-29T10:38:48","slug":"infra-stock-jumps-5-after-launching-a-luxurious-project-in-mumbai","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/infra-stock-jumps-5-after-launching-a-luxurious-project-in-mumbai\/","title":{"rendered":"Infra stock jumps 5% after launching a luxurious project in Mumbai"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3688681887\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this infra stock under the \u2018small-cap\u2019 category jumped approximately 5 percent in Monday\u2019s trading session after the launch of a new Luxurious Project in Mumbai. In the past six months, the company\u2019s stock has gained close to 85 percent.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3480372207\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 8,828.33 crores, the stocks of Man Infraconstruction Limited (MICL) opened their trading hour on Monday at Rs 226.90 and currently trade at Rs 237.80, gaining around 5 percent compared to the previous close of Rs 225.90 apiece.&nbsp;<\/p><p>Such bullish stock price movement is witnessed after the company, through a regulatory filing with the Bombay Stock Exchange (BSE), announced the launch of a luxurious project in Ghatkopar, Mumbai, viz, &#8216;Aaradhya OnePark\u2019 after securing all approvals.&nbsp;<\/p><p>The project offers ultra-luxurious residences in 3 BHK, 4 BHK, and 5 BHK configurations. It spans more than 12,000 square meters of gated community comprising 10 societies. The MICL Group expects strong momentum of sales for the project and generate a revenue of approximately Rs 1,200 crores in the next 4 years.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-726358402\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>During the recent financial quarters, the company reported underperformance with the operating revenues trimming from Rs 509 crores during Q1FY23-24 to Rs 215 crores during Q2FY23-24, and the latter, during the same period, went down from Rs 84 crores to Rs 66 crores.&nbsp;<\/p><p>The latest shareholding pattern data, according to the December 2023 quarter, portrays the Promoters holding a 67.19 percent stake, and the Foreign Institutional Investors (FIIs) holding a 3.5 percent stake in the company.&nbsp;<\/p><p>According to the recent presentations, the company\u2019s total EPC portfolio represents a total order book of Rs 1,156 crores, out of which around 86 percent of the projects are \u2018infrastructure\u2019 ones with the remaining 14 percent being \u2018residential\u2019 projects.&nbsp;<\/p><p>Man Infraconstruction Limited is a construction company based in India that undertakes various projects, including commercial and institutional construction, port infrastructure, road construction, and industrial construction.&nbsp;<\/p><p><strong>Written by Amit Madnani<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-1227095502\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-869217716\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this infra stock under the \u2018small-cap\u2019 category jumped approximately 5 percent in Monday\u2019s trading session after the launch of a new Luxurious Project in Mumbai. In the past six months, the company\u2019s stock has gained close to 85 percent.&nbsp; With a market capitalization of Rs 8,828.33 crores, the stocks of Man Infraconstruction Limited [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":117840,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-118144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Infra stock jumps 5% after launching a luxurious project in Mumbai - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this infra stock under the \u2018small-cap\u2019 category jumped approximately 5 percent in Monday\u2019s trading session after the launch of a new Luxurious Project in Mumbai. 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