Man Infraconstruction share price gained nearly 2 percent intraday Friday after CARE has upgraded its rating for bank facilities.
The rating agency has upgraded company's fund-based long-term bank facilities worth Rs 32.50 crore to A- with stable outlook, from BBB+.
The rating on non-fund-based long/short term bank facilities worth Rs 188.18 crore also upgraded by CARE to A- (stable) / A2+, from BBB+ (stable) / A2.
Mumbai-based Man Infraconstruction provides construction services for port infrastructure, residential, industrial, commercial and road infrastructure projects.
At 10:40 hours IST, the stock price was quoting at Rs 62.90, up Rs 1.05, or 1.70 percent on the BSE.
Copyright © e-Eighteen.com Ltd All rights resderved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited.
