India's Capacit'e Infraprojects rises on contract win

Capacite Infraprojects

21/02/2023 08:00

** Shares of Indian construction company Capacit'e
Infraprojects Ltd  CAPE.NS  rise as much as 2.6% to 141.85
rupees
    ** CAPE gets 1.81 billion rupees ($21.87 million) contract
from Indian Oil Corp Ltd  IOC.NS  for building residential
towers at a Mumbai locality
    ** Stock on track to snap two-day losing run, if gains hold
    ** Around 207,000 shares change hands by 1:22 p.m. IST, 1.1x
their 30-day avg volume
    ** Stock down 9.6% so far this year up to last close, after
posting sixth consecutive annual loss in 2022
($1 = 82.7675 Indian rupees)
 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))