Top Gainer: Shares of this civil construction gained over 6 per cent and received multiple orders worth Rs 698 crore!

The company provides turnkey solutions for housing, high rises, super high rises, speciality buildings and urban infrastructure.

On Wednesday, shares of Capacite Infraprojects gained more than 11 per cent. However, the stock gave up its intraday gains on closing at Rs 148.50, up by 6.11 per cent. The company recently received two orders worth Rs 698.08 crore. The first order was Raymond’s realty division which was worth Rs 224 crore. The second order was received from the Godrej Group (Godrej Residency) for the construction of residential towers in Mahalaxmi, Mumbai. The second order was worth Rs 474.08 crore. 

In the last quarter (Q3FY23), on a consolidated basis, the company's revenue increased by 21.31 per cent YoY to Rs 443 crore. The bottom line stood at Rs 23 crore in Q3FY23, which increased by 91.67 per cent.  

Capacite Infraprojects Limited is primarily engaged in the EPC business and provides turnkey solutions for housing, high rises, super high rises, speciality buildings and urban infrastructure. The company offers these services to leading real estate and government bodies in India.    

DSIJ offers a product 'Vriddhi Growth' with recommendations for long term stocks to invest for growth based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the product details pdf here      

Today, the stock opened at Rs 140, with a high and low of Rs 156 and Rs 139.60. The stock closed trading at Rs 148.50, up by 6.11 per cent over its previous close of Rs 139.95.