India's Capacite Infraprojects rises on order win

Capacite Infraprojects

20/12/2022 05:56

** Shares of construction co Capacite Infraprojects Ltd
 CAPE.NS  rise as much as 6.7% to 162 rupees, their highest
since Nov. 16 
    ** Co receives order worth 1.17 billion rupees ($14.13
million) from DLF Ltd  DLF.NS  for construction of proposed mall
in Goa 
    ** Stock above 200-day simple moving avg of 135.98 rupees
    ** More than 577,000 shares traded as of 11:20 a.m. IST vs
30-day moving avg of 185,452 shares
    ** Their median PT is 196 rupees - Refinitiv data
    ** Stock down 9.4% YTD, last up 3.4%
($1 = 82.8300 Indian rupees)
 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))