New Delhi, Nov. 25 -- Man Infraconstruction share price surged nearly 4% after the promoter increased his stake in the company to 62.32% by acquiring an additional 0.02%. Man Infraconstruction share price opened at an intraday low of Rs.117 apiece on the BSE, the stock touched an intraday high of Rs.123.70 per share.

Earlier this month, the company announced a 27% year-on-year increase in net profit, which reached Rs.60.01 crore, up from Rs.47.24 crore in the same quarter the previous year. However, the company's revenue from operations experienced a decline of 35% year-on-year, falling to Rs.148.75 crore from Rs.230.32 crore in the corresponding period of FY25.

On the other hand, other income rose over 29% year-on-year, totaling Rs.38....