Capacite Infraprojects shares surge 5% on repeat order-win from Raymond
Capacite Infraprojects shares surged 5% higher on September 18th after the infra-company announced a repeat order-win of Rs 280 crore from Raymond for its realty project codename Xception in Thane.
The company’s managing director, Rahul Katyal, said that they are delighted that Raymond’s realty division has once again reinforced their trust and confidence in Capacite Infraprojects. He added that the order inflow for the current financial year, along with their existing orders book, gives them confidence to deliver good growth in the coming quarters.
At 12.45 pm on the NSE, Capacite Infraprojects stock was quoting at Rs 222.50, up 3.44% or Rs 7.40.
The stock has a trailing PE of 17.47x, making it the second cheapest among peers in absolute terms.
In its results for the April to June quarter, the company reported a 9.85% year-on-year (YoY) decline in revenue from operations at Rs 430 crore. Net profit for the quarter was down 32.14% YoY to Rs 19 crore. The operating profit margins for the quarter declined by 500 basis points on a yearly basis to 16 percent.
Capacite Infraprojects Limited is a construction company that specializes in building and real estate projects. It offers general contracting, design, and build services. The company counts public sector undertakings such as CIDCO, MHADA, and private real estate developers such as Kalpataru, Hiranandani, and K Raheja Corp among others.
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Glenmark Pharma stock falls on stake sale in Glenmark Life Sciences
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Berger Paints Shares Hit 52-Week High After Turning Ex-Bonus
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Market Update for September 22, 2023
IdeaForge Tech up 3.4% on order RVNL up 3% on highway MoU JSW Steel up 0.4% on sale ICICI Lombard down 1.6% on CEO exit ICICI Bank down 1% on healthcare investment NHPC up 1.3% on extended additional charge Kalyani Forge up 3.2% on new MD IRB Infra up 2.5% on road project closure
- 22 Sep
Lux Industries Shares Down 3% After Income Tax Raid
Lux Industries shares fell 3% on September 22 after news emerged that the Income Tax department had conducted searches at the company's premises in Kolkata and alleged a tax evasion of Rs 200 crore. The company has confirmed the searches and is extending full support.