Man Infraconstruction promoter Parag K. Shah bought an additional 60,000 shares worth ₹76.46 lakh through open-market transactions on Thursday, November 27. Earlier in the week, he acquired 1 lakh shares on November 24, raising his total holding to 62.34%, an increase of 0.02%. Trendlyne data also shows foreign institutional investors increased their stake during the September FY26 quarter from 4.28% to 5.21%.
On Thursday, the stock slipped 1.76% to ₹126.11 on the NSE after two days of gains, including a nearly 2% intraday jump on Wednesday. Despite short rallies, the stock has struggled—falling 12.53% over the past month, 20.55% in six months, and more than 35% in a year. Year-to-date, it has dropped about 49.41%.
In Q2 FY26, the company reported a 27% rise in net profit to ₹60.01 crore, though operating revenue declined 35% to ₹148.75 crore. Other income grew 29% to ₹38.47 crore. The board declared a second interim dividend of ₹0.45 per share.
Axis Securities maintained its buy call with a target price of ₹190, citing a strong FY26 project pipeline, upcoming launches worth ₹6,600 crore, healthy liquidity, and a debt-free balance sheet.
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