Stocks of this small-cap company gained ~ 4% after receiving an order worth Rs. 575 Cr and This stock has delivered 67% returns in six months. The stock price is being supported by the strong and rising volume that is greater than average compared to the previous day and week.
Capacite Infraprojects Ltd
Capacite Infraprojects Ltd. is a small-cap company with a market capitalisation of 1,503 Cr. On Tuesday the company shares opened at Rs. 196.2, at 12.18 p.m. shares trading 4.33% up at Rs. 204.70 on BSE.
According to the company filing, Capacite Infraprojects Ltd & Mohan Mutha Exports Pvt. Ltd. (Joint Venture), have received the order from Rail Vikas Nigam Limited (RVNL) for a total contract value of Rs. 575 Cr for EPC projects in the Maldives.
Within 18 months from the start date, the Project will be finished. In the joint venture, Capacite Infraprojects Ltd. will own a 51% share.
As per the company filing, the total consolidated revenue declined by 9% YoY from Rs. 478.96 Cr in Q1 FY23 to Rs. 435.25 Cr in Q1 FY24, for the same period net profit declined by 33% from 28.48 Cr to 19.08 Cr.
As of June 2023, Promoters hold 38.65%, Public hold 38.47%, FIIs hold 12.31% and DIIs hold a 10.57% stake in this company.
Construction and engineering services are offered by Capacit’e Infraprojects Limited. The company builds homes, offices, and other types of buildings, such as hotels, villas, multi-story parking garages, and gated communities.
Written by Sheshadri N
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
