India's Capacite Infraprojects extends winning run on order win

Capacite Infraprojects

06/04/2023 07:20

** Shares of Capacite Infraprojects  CAPE.NS  up 4.5%, on
track for fifth consecutive session of gains
    ** Engineering and construction co said it secured an order
worth 4.74 bln rupees ($57.8 mln)
    ** Despite the 5-day rally, the stock is down ~10% so far
this year
    ** Stock's Moving Average Convergence Divergence (MACD) line
below signal line since Feb. 1, signaling bearish bias
    ** About 501,828 shares change hands as of 11:41 a.m. IST,
vs 1.2x 30-day average of 422,840 shares 
 
 ($1 = 81.9750 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com;))