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Rakesh Jhunjhunwala Portfolio: Rakesh Jhunjhunwala continued to mint money from his diversified investment portfolio in 2021.
This Rakesh Jhunjhunwala-backed infrastructure construction company has given investors a massive return of more than 300% since the beginning of this year.
Man Infraconstruction subsidiary, MICL Properties LLP on Monday announced that it is jointly developing an ultra-luxurious residential high rise tower at Tardeo, next to Bhatia Hospital, Mumbai under asset-light Development Management (DM) model.
Net profit of Man Infraconstruction rose 7632.64% to Rs 111.35 crore in the quarter ended September 2021 as against Rs 1.44 crore during the previous quarter ended September 2020.
Man Infraconstruction share price touched a 52-week high of Rs 115.05, rising 5 percent intraday, on October 4 after the company board approved bonus share and interim dividend.
Man Infraconstruction advanced 2.35% to Rs 45.80 after the company said its joint venture is launching a real estate development project in Mumbai.