Capacit'e Infraprojects builds gains after bagging contract

Capacit'e Infraprojects gained 3.02% to Rs 344.90 at 11:35 IST on BSE after the company announced winning repeat orders worth Rs 162.67 crore from Sea View Developers.

The announcement was made during market hours today, 12 April 2018.

Meanwhile, the S&P BSE Sensex was up 79.68 points, or 0.23% to 34,020.12. The S&P BSE Small-Cap index was up 37.39 points, or 0.21% to 18,020.85.

On the BSE, 17,000 shares were traded in the counter so far, compared with average daily volumes of 21,000 shares in the past two weeks. The stock had hit a high of Rs 350.95 and a low of Rs 331.10 so far during the day. The stock had hit a record high of Rs 437.40 on 4 December 2017. The stock had hit a record low of Rs 288 on 23 March 2018.

The small-cap company has equity capital of Rs 67.89 crore. Face value per share is Rs 10.

Capacit'e Infraprojects said that the company has received contract worth Rs 162.67 crores (excluding taxes), from Sea View Developers, a Brookfield Investee Company for civil and structure work package for construction of tower 11 and multi level car park.

The company's net profit rose 40.41% to Rs 22.69 crore on 15.84% rise in net sales to Rs 366.50 crore in Q3 December 2017 over Q3 December 2016.

Capacite Infraprojects is a construction company focused on residential, commercial and Institutional buildings. The company provides end-to-end construction services for residential buildings, commercial (multi-level car parks, corporate office buildings and buildings for commercial purposes) buildings and institutional (educational, hospitality and healthcare purposes) buildings.

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