Capacit'e Infra gains 20% in two days as I-T dept finds no irregularities

The tax department had conducted search at the premises of the Capacit'e Infraprojects on August 25, 2019 but no claims have been made against the company, it said.

Shares of Capacit'e Infraprojects moved higher by 11 per cent to Rs 212 on the BSE on Tuesday, having surged 20 per cent in the past two days, after the company said the Income Tax (I-T) department authorities found no irregularities during the search conducted at its premises.

"The tax department had conducted search at the premises of the Capacit'e Infraprojects on August 25, 2019 but no claims have been made against the company nor have there been any disclosures. The above proceedings have no impact on the financial and operational performance of the company," it added.

With today’s gain,