Man Infraconstruction Soars 4% as Promoter Boosts Stake, Q2 Results Fuel Optimism

Shares of Man Infraconstruction jumped nearly 4% after the company’s promoter increased his holding to 62.32% by acquiring an additional 0.02%. The stock opened at ₹117 on the BSE and surged to an intraday high of ₹123.70.

Earlier this month, the company reported a 27% year-on-year rise in net profit, which reached ₹60.01 crore, up from ₹47.24 crore in the same quarter last year. While revenue from operations dipped 35% year-on-year to ₹148.75 crore from ₹230.32 crore in Q2 FY25, a 29% jump in other income to ₹38.47 crore helped offset the core revenue decline.

The board also approved a second interim dividend of ₹0.45 per share, representing a 22.5% payout based on ₹2 face value equity shares, signaling steady shareholder returns.

Following the results, Axis Direct set a target price of ₹190 per share, suggesting nearly 60% upside from the previous close of ₹119.25. The brokerage highlighted Man Infraconstruction’s robust project pipeline for FY26 and strong balance sheet as key drivers for accelerating sales momentum.

High-value upcoming launches at Marine Lines, Pali Hill, and Royal Netra, with a combined sales potential of approximately ₹6,600 crore, are expected to boost pre-sales in the coming quarters. Ongoing projects like Aaradhya Avaan, nearing completion, will support timely deliveries and strengthen collections.

With a net debt-free balance sheet and strong liquidity, the company is well-positioned for business expansion and EPC growth. Axis Direct emphasized that several approvals for new launches are nearing completion, setting the stage for enhanced performance throughout FY26.

“We continue to value the company using a DCF-based approach and recommend a BUY, as the current valuation appears attractive, with a target price of ₹190 per share,” the brokerage said.