Tekno-Funda

Man Infraconstruction Ltd



Man Infraconstruction is a construction company in India that has executed construction work for some of the most significant port projects in the country. Highlights include India's first premier private port project for Nhava Sheva International Container Terminal at Jawaharlal Nehru Port Terminal, Navi Mumbai in 1997.
Subsequently, the company has successfully worked on five ports viz., Jawaharlal Nehru Port Trust, Mundra Port, Chennai Port, Vallarpadam Port and the Pipavav Port. Man Infra has successfully executed construction of 3 Residential Towers of 55 storey which is one of the tallest towers’ in western suburb of Mumbai. 
As a natural extension and in line with the aspiration to climb up the value chain, Man Infra (The Group) has entered into Real Estate Development. The Group is currently developing premium Residential Projects with an approximate saleable area of 2.5 million sq. ft. in various suburbs of Mumbai.

Man Infra shares have been picked up in huge quantities by high profile names such as Merrill Lynch, Vallabh Bhansali and Rakesh Jhunjhunwala in the past few trading sessions. The company is a relatively very low debt, high reserves company which for the past many years has seen a stagnation in growth. With the interest rates cycle starting to point south and signs of a revival in the economy, the company could benefit and it's upcoming projects in Mumbai could help sales grow from current levels.

Man Infra - Monthly
Man Infra on the monthly charts is showing potential to go to 67-70 levels from current levels of 45 after showing signs of strong accumulation and 4 years long consolidation. This is our tekno-funda pick and we advise positional traders to do their own research before making any trade decision based on this article. We are personally LONG on the stock from 36 levels and our risk reward is different at this stage.

All these trading techniques and their implementation are part of our technical analysis course which is free for those who open their brokerage account through us.
Powered by Blogger.