#MANINFRA CMP :₹. 201.40/- DATE : 02/12/2023 Company engaged in civil construction business in India. A low debt company with zero promoter pledge and improving financials. Sales and operating profit are increasing YoY .Eventhough debtor days have increased from previous year Cash conversion cycle and working capital days improved remarkably. Net casflow is dreadfully negative which is a menace. Recently board of directors company announced the allotment of preferential shares. Promoters and FIIS increased their stake. Stock is now at its 52 week high . Stock gained more than 20% in one month. Technically looking good. A slight dip due to profit booking can be expected in coming days. A 50% movement can be expected within 6 months time. Stoploss @ ₹.180/-
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .
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