• Source:JND
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Shares of Man Infraconstruction, a realty firm backed by Quant Mutual Fund, ended in the green on Monday, June 16, 2025. It did, however, rebound in early trading in tandem with a wider market recovery, reaching an intraday high of Rs 166 before closing at Rs 165.15, up 0.46%.

With a 52-week high of Rs 262.50 on December 30, 2024, and a 52-week low of Rs 135.05 on March 17, 2024, the stock has been erratic in recent months. At present, the company's market capitalisation stands at Rs 6,197.91 crore.

Promoter Action: Parag K. Shah's Stake Hike

The promoter of the company, Parag K Shah, raised his ownership of Man Infraconstruction is a good thing. Shah increased his holding to 11,75,72,006 shares, or 31.33%, from 31.32% on June 13, 2025, when he purchased 37,000 equity shares. This represents a persistent pattern of accumulation by the promoter, suggesting ongoing faith in the long-term viability of the business.

Broader Market Rebounds

Monday saw significant gains in the wider markets as well, with benchmark indices recovering from a slow start. The NSE Nifty gained 227.90 points (0.92%) to close at 24,946.50, while the BSE Sensex increased 677.55 points (0.84%) to close at 81,796.15.

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Investor sentiment was raised by a drop in the price of Brent crude oil and fresh purchases of energy and IT stocks. UltraTech Cement, Tech Mahindra, HCL Tech, TCS, Tata Steel, and Kotak Mahindra Bank were among the major Sensex gainers. On the downside, the laggards included Sun Pharma, Adani Ports, and Tata Motors.

Disclaimer: This is just a piece of news about recent developments in the stock. Jagran does not advise investing. Please take expert advice before investing.