Download Unicorn Signals App

Powered By EquityPandit

Capacite Infraprojects Shares Rallied 5% on Repeat Order-Win from Raymond Worth Rs 280 Crore

Capacite infrastructure company secured an order worth Rs 280 crore from Raymond.

Shares of Capacite Infraprojects were trading 5% above on 18 September after the infrastructure company announced in its regulatory filing about securing an order worth Rs 280 crore from Raymond for its realty project named Xception in Thane.

Rahul Katyal, managing director of the infra-company, said, “We are delighted that Raymond’s realty division has once again reinforced their trust and confidence in our company. The order inflow for the current financial year, along with our existing orders book, gives us confidence to deliver good growth in the coming quarters.”

The company operates as a construction company and specialises in building and real estate projects. The company also offers general contracting, design, and building services.

In its quarterly report for the April-June quarter, the company reported a 9.85% YoY decline in its revenue from operations at Rs 430 crore and a 32.14% YoY decline in its net profit at Rs 19 crore.

At 3:30 pm, the shares of Capacite Infraprojects closed at Rs 219.50 or 2.05% above its previous close on NSE.

Get Daily Prediction & Stocks Tips On Your Mobile