Man Industries (India) Ltd shares gained nearly 3% on January 16, trading at ₹324.85 per share, following the company’s announcement of a board meeting scheduled for January 18, 2025. The meeting will discuss raising funds through a preferential issue of securities.
Key Highlights:
- Stock Performance: The stock opened higher at ₹322 and reached an intraday high of ₹327.90, reflecting investor optimism.
- Board Agenda: The board will deliberate on raising funds via the issue of securities to select investors on a preferential basis, subject to shareholder and regulatory approvals.
Market Metrics:
- Market Cap: ₹21.04 billion
- Year Range: ₹281.05 – ₹513.70
- P/E Ratio: 19.94
This fund-raising plan aligns with the company’s strategic goals, potentially enhancing its capital structure and funding future growth initiatives. Investors are optimistic about the outcomes of the meeting.
