Shares of Man Infraconstruction Limited (MANINFRA) rose 5.77% to ₹192.42 at 9:15 AM, following the news of promoter Parag Shah’s decisive victory in the 2024 Maharashtra Assembly elections. Shah, the BJP candidate, won the Ghatkopar East constituency, defeating NCP (SP) candidate Rakhi Jadhav by a margin of 53,319 votes, securing more than half the vote share.
This significant political victory reinforces Shah’s influence and support in the region, boosting investor confidence in the company.
Stock Price Details (as of 9:15 AM):
- Open: ₹192.00
- High: ₹192.00
- Low: ₹191.05
- Previous Close: ₹181.93
Investors reacted positively to the development, driving the stock higher in early trading.
Disclaimer: This report is for informational purposes only and should not be considered investment advice. Please consult a financial advisor before making investment decisions.
