Dec 2, 2017

CAPACITE INFRAPROJECTS LTD. -Short Term and Medium Term View

CMP : 412.
This stock was recommended on our FB page around 350 before few days only. The company is doing great in terms of fundamentals and financials. Way better than others in this tough relatively low margin and high bottleneeks business of public infra contracting and private construction. The firm came out with IPO and gave excellent listing gains to investors. It was first firm to get 40000 crore rupees applications for a fund raising of 400 crore!
The stock has target of Rs,1000 in less than one year.
Its trading at 410 levels and we do not think it can come lower than 380 or 360 maximum which is its hourly chart important DMA. The counter has lot of demand so any decline will be absorbed and any rise will attract more buyers.

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