India's Capacite Infraprojects rises on order win

Capacite Infraprojects

27/12/2022 06:00

** Shares of construction company Capacite Infraprojects Ltd
 CAPE.NS  rise 4.4% to 142.50 rupees
    ** CAPE says it got a contract worth 6.95 bln rupees ($84
mln) from Saifee Burhani Upliftment Trust (SBUT) for a project
in Mumbai
    ** Stock above its 200-day moving average after staying
below for the last two sessions
    ** More than 395,000 shares change hands by 11:22 a.m. IST,
1.8x 30-day avg of 221,216 shares
    ** Stock down ~18% YTD
 
 ($1 = 82.7550 Indian rupees)
 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))