Mukul Agrawal's portfolio multibagger civil construction stock with Rs 9,670 crore order book bags new orders worth Rs 549 crore
The stock gave multibagger returns of 140 per cent in just 1 year whereas BSE Sensex Index is up by 23 per cent.
Capacite Infraprojects Limited has secured a significant boost to its business with new orders totalling Rs 549 crore (excluding GST). This includes a Rs 256 crore contract for a luxury residential project in Worli, Mumbai from Macrotech Developers Ltd. (Lodha Group), and an additional Rs 293 crore project from Raymond Limited (Realty Division) for an additional building in Thane and scope enhancement for an existing building. These new projects represent a substantial opportunity for Capacite Infraprojects and solidify their position in the construction sector.
Additionally, the promoter of the company, Subir Malhotra sold his entire stake of 25,25,687 shares or 2.99 per cent stake of the company on March 27, 2024, via open market. Furthermore, Mukul Agrawal owns a 7.09 per cent stake in the company as of January 2024.
On Friday, shares of Capacite Infraprojects are down 0.64 per cent to Rs 301.55 per share from the previous closing of Rs 303.50 with an intraday high of Rs 308.55 and an intraday low of Rs 291.20. The stock has a 52-week high of Rs317.70 and a 52-week low of Rs 125.55.
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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.
As of December 31, 2023, the company possesses a robust order book valued at Rs 9,670 crore. The stock gave multibagger returns of 140 per cent in just 1 year whereas BSE Sensex Index is up by 23 per cent. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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