Man Infra at new high

Man Infra, from its close of Rs.109.75, opened higher at Rs.110.40 and went on to hit a new high at Rs.115.05.

The stock rose after the company gave a go-ahead to an interim dividend of Rs.1.26/share  with the record date on 14th Oct.

The Board also approved the issue of bonus equity shares in the ratio of one new equity bonus share of Rs 2 each for every two existing equity shares of Rs 2 each held by the shareholders as on the record date, which will be informed in due course.