Domestic brokerages Axis Securities has tagged a 'Buy' rating on the on Man Infraconstruction with a target price of Rs 240. The stock had closed at Rs 182.65 in the last trading session. 

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Meanwhile, equity benchmark indices Sensex and Nifty bounced back sharply in early trade on Friday tracking a significant rally in the US and Asian markets along with buying in blue-chips Tata Consultancy Services and Reliance Industries.

Rebounding from Thursday's decline, the 30-share BSE Sensex jumped 1,098.02 points to 79,984.24 in early trade. The NSE Nifty surged 270.35 points to 24,387.35.
 
Meanwhile, Man Infraconstruction Limited has announced its first interim dividend for the financial year 2024-25. In an exchange filing, the civil construction company also declared the record date for the purpose of determining the entitlement of shareholders for the said corporate action. 

The company has announced the first interim dividend of Rs 0.45 per equity share of face value of Rs 2 each.

"Declared First Interim Dividend of Rs 0.45 per equity share (i.e. 22.5°/o) on 37,12,50,405 Equity Shares having Face Value of Rs. 2/- each, for the Financial Year 2024-25," the exchange filing reads.