Man Infraconstruction closes with 37.7% premium

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Man Infraconstruction closes with 37.7% premium

Man Infraconstruction remained strong throughout the session despite some profit booking at higher levels in last half an hour of trade. It closed at Rs 347, a premium of 37.7% over its issue price of Rs 252 per share, after seeing day's high of Rs 375 and low of Rs 318, which was the opening price on the NSE.

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Man Infraconstruction  remained strong throughout the session despite some profit booking at higher levels in last half an hour of trade. It closed at Rs 347, at a premium of 37.7% over its issue price of Rs 252 per share, after seeing day's high of Rs 375 and low of Rs 318, which was the opening price on the NSE.

In an interview with CNBC-TV18, Managing Director Parag K Shah said the order book which currently stood at Rs 2,000 crore was expected to grow over the next two months with further orders of Rs 2,000 crore. He also expected to sustain margins at current levels. "For FY11, I expect revenue of over Rs 1,100 crore and Rs 135-136 crore profit after tax. FY11 earnings per share is seen at Rs 27.55."

The stock saw a volume of 2,04,61,610 shares and turnover of Rs 738 crore.

On the BSE, Man Infra touched an intraday high of Rs 374.90 and low of Rs 335, before closing at Rs 348.25.