New Delhi, June 20 -- Quant Mutual Fund-owned realty stock Man Infraconstruction rose nearly 2 per cent in Friday's trading session after the company announced that it has incorporated subsidiary entity on June 19.

The realty stock opened at Rs.158.03 apiece on June 20, as compared to previous close of Rs.157.66. The stock climbed 1.60 per cent, touching an intraday high to Rs.159.79.

Man Infraconstruction shares have given multibagger returns to its long-term investors by soaring over 1,076.47 per cent in five years.

The company, in an exchange filing dated June 20, announced the incorporation of subsidiary company named as MICL Shreepati August LLP.

The capital contribution for the incorporation is Rs.1,00,000. The subsidiary compan...