Small Cap Construction Stock Rises Above 5% On Repeat Order-Win Worth Rs 281 Crore

The shares of Capacite Infraprojects on Monday, Sept 18, rallied above 5% to hit an intraday high of Rs 227 apiece. The stock rose after the infrastructure company announced in its regulatory filing about securing a repeat order worth Rs 281 Crore from Raymond for its realty project codename Xception in Thane.

On Monday, shares of Capacite Infraprojects closed at Rs 219.15 apiece, up 2% from the previous close on the BSE. However, the stock declined 8.67% in the past 1 week, while it gained 5.74% in the past 1 month. It gained 24.31% in the past 1 year. It is a small-cap stock with a market cap of Rs 1,611.99 Crore.

Commenting on the same, Mr. Rahul Katyal, Managing Director said, "We are delighted to announce that Raymond Limited (Realty Division) has once again reinforced there trust and confidence in CAPAClT'E for their project - Codename Xception at Thane. We will also continue to foster enduring relationships with existing clients to generate more repeat orders. The order inflow for the current financial year, along with our existing orders book give us confidence to deliver good growth in the coming quarters. At Capacit'e, it is our continuous endeavor to add quality orders from existing and new clients and we are confident on the growing execution capabilities of the company."

About - Capacit'e Infraprojects Limited

Capacit'e Infraprojects Limited is a leading building construction Company having presence in MMR, NCR, Goa, Gandhinagar, Bengaluru, Hyderabad, Chennai, Kochi and Pune, with specialization in construction of super high rise buildings.