India's Capacit'e Infraprojects hits near 6-yr high on order wins

Capacite Infraprojects

18/04/2024 07:57

** Shares of Capacit'e Infraprojects  CAPE.NS  rise as much
as 4.6% to 317.80 rupees, its highest since late-May 2018
    ** Engineering and construction co says it has received
orders worth 5.49 bln rupees ($65.7 mln)
    ** It includes order worth 2.56 bln rupees from  Macrotech
Developers  MACE.NS  and 2.93 bln rupees from Raymond  RYMD.NS 
    ** Stock on track for a third consecutive session of gain
    ** CAPE above 50-day, 100-day and 200-day exponential moving
averages since March 21
    ** Stock last up 3.6%, taking YTD gains to 25.8%


($1 = 83.5125 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))