Capacite Infraprojects gains after winning order

Capacite Infraprojects rose 1.40% to Rs 250 at 15:00 IST on BSE after the company said it received an order worth Rs 97.69 crore from Institute of Chemical Technology.

The announcement was made during trading hours today, 2 January 2018.

Meanwhile, the S&P BSE Sensex was down 321.52 points, or 0.89% to 35,933.05.

On the BSE, 12,000 shares were traded in the counter so far compared with average daily volumes of 4099 shares in the past two weeks. The stock had hit a high of Rs 256.45 and a low of Rs 244.85 so far during the day. The stock hit a 52-week high of Rs 423.95 on 3 January 2018. The stock hit a 52-week low of Rs 171.10 on 26 October 2018.

Capacite Infraprojects has received maiden order for a total contract value of Rs 97.69 crore from Institute of Chemical Technology for RCC, civil, high side MEP works for sub-structure and super structure of proposed research building of Institute of Chemical Technology at Matunga, Mumbai with completion period of 15 months from the date of commencement.

Capacite Infraprojects' net profit rose 30.9% to Rs 23.02 crore on 37.5% increase in net sales to Rs 443.14 crore in Q2 September 2018 over Q2 September 2017.

Capacite Infraprojects is a leading building construction company having presence in MMR, NCR, Bengaluru, Hyderabad, Chennai, Kochi and Pune, with specialization in construction of super high rise buildings.

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