Man Infra share price has surged over 180 per cent in the last year. Axis Securities has initiated coverage on the stock with a buy call and target price of ₹270, expecting a 28 per cent upside.
Man Infra s asset-light model allows for scalability without significant capital strain, promising improved profitability in the future, said Axis Securities in a research report dated April 12
Man Infraconstructions expects strong sales momentum for the project and expects to generate revenue of Rs 1,200 crore in next 4 years from this project.
Shares of Man Infraconstruction surged more than 3 per cent to Rs 195.80, hitting its new 52-week high, with a total market capitalization of more than Rs 7,250 crore.