Man Infra shares gain as company achieves Rs 333 crore sales in luxury housing project

Shares of Man Infraconstruction Limited (MICL) jumped nearly 4 per cent on Wednesday i.e. January 31 as the company reported record sales upon the launch of its latest luxury housing project in Mumbai.

The counter gained 3.79 per cent to a high of Rs 239.80 apiece after the company announced that garnered Rs 333 crore in sales from its uber-luxurious project - Aaradhya OnePark - in Ghatkopar East, Mumbai.

The amount accounts for almost 25 per cent of the total estimated sales potential marked from the project.

"This remarkable achievement accounts for nearly 25 per cent of the total estimated sales potential from the project and reaffirms MICL's position as an industry leader in Mumbai's luxury real estate market. We continue to expect such strong traction in sales from this project in the forthcoming quarters."

Last seen, the counter held firmly in green and was trading at Rs 239. The stock has a 52-week high of Rs 243.60 and a 52-week low of Rs 66.25.

The scrip has given a multibagger return of 225.17 per cent in the last one year. It has made investors wealthier by 85 per cent in the last six months.