India's Capacit'e Infraprojects hits nearly 2-month high on order win

Capacite Infraprojects

02/01/2023 07:28

** Shares of Capacit'e Infraprojects Ltd  CAPE.NS  rise as
much as 6.21% to 162.5 rupees, highest since Nov. 7
    ** Co gets order worth 2.03 bln rupees ($24.6 mln) from
Ashar Ventures to build a 60-storied tower in Thane, Mumbai
    ** Stock trading above its 50-day, 100-day, and 200-day
simple moving averages
    ** However, stock had a bearish crossover on Dec 21, when
the 50-DMA slipped below the 100-DMA for first time in 4 months
    ** Trading vol of ~547,000 shares at 12:20 p.m. IST nearly
2X their 30-day avg
    ** Stock fell 11.7% last year
 
 ($1 = 82.5925 Indian rupees)
 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))