Shares of this small-cap construction company rise after winning an order worth Rs 220 crore

Shares of the company surged by more than 7 per cent today.

Dedicated to building residential, commercial, and institutional structures, Capacite Infraprojects is a construction firm with rapid growth. The company has recently received orders totalling Rs 224 crore (GST excluded). To complete the residential project TenX Era in Thane, the company has received this order from Raymond (Realty Division). Previously, it had received orders totalling Rs 474.08 crore (GST excluded) from the Godrej Group (Godrej Residency) for the construction of residential towers in Mahalaxmi, Mumbai. 

The scrip opened today at Rs 130.30 and touched a high and low of Rs 145 and Rs 129.65, respectively. Its 52-week high stood at Rs 192.35, whereas its 52-week low was Rs 98.35. The current market cap of the company is Rs 939.28 crore. Promoters hold 38.64 per cent, whereas the Institutional and non-institutional holdings are 17.94 per cent and 43.38 per cent, respectively.   

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The company was initially incorporated as a private limited company in Mumbai under the name "Capacit''e Infraprojects Private Limited" under the Companies Act, 1956. The name of the company was subsequently changed to "Capacit'e Infraprojects Limited" after it was converted from a private limited company to a public limited company, and it obtained a new certificate of incorporation dated March 21, 2014, from the Registrar of Companies, Maharashtra at Mumbai.