This small-cap civil construction bags order worth Rs 181.36 crore!
Today, shares of the company saw a spurt in volume by more than 5.43 times on BSE.
Capacite lnfraprojects Limited, has received a contract worth Rs 181.36 crore (including GST) (Rupees one hundred and eighty-one crore thirty-six lakhs only) from Indian Oil Corporation Ltd (IOCL) for the construction of residential towers at Indian Oil Nagar, Andheri (west), Mumbai.
Today, shares of Capacite Infraprojects surged 1.92 per cent to an intraday high of Rs 140.85 per share from the previous closing of Rs 138.20. Today, shares of the company saw a spurt in volume by more than 5.43 times on BSE. The shares of the company ended the trading session lower, plunging 10.64 per cent to Rs 123.50 per share.
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.
According to the financials, Capacite Infraprojects has a market cap of 836 crore with a PE of 11.20x and an ROE of 9.83 per cent. The company reported positive numbers in both Quarterly Results and annual results. In Q3FY23, net sales and net profit skyrocketed by 21.04 per cent and 91.68 per cent respectively over Q3FY22.
In FY22, the net sales and net profit rose by 51.71 per cent and 2,100 per cent respectively over FY21. Investors should keep an eye on this Small-Cap stock.