The domestic equity benchmarks traded with major gains in early afternoon trade. The Nifty traded above the 24,400 level. Media shares advanced after declining for the past three consecutive trading sessions. At 12:30 IST, the barometer index, the S&P BSE Sensex jumped 908.67 points or 1.16% to 80,040.41. The Nifty 50 index surged 265.10 points or 1.10% to 24,408.85. In the broader market, the S&P BSE Mid-Cap index gained 1.19% and the S&P BSE Small-Cap index rallied 1.27%. The market breadth was strong. On the BSE, 2,362 shares rose and 1,424 shares fell. A total of 135 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tumbled 5.87% to 14.53. The Nifty 29 August 2024 futures were trading at 24,445, at a premium of 36.15 points as compared with the spot at 24,408.85. The Nifty option chain for the 29 August 2024 expiry showed maximum Call OI of 38.7 lakh contracts at the 24,500 strike price. Maximum Put OI of 50.9 lakh contracts were seen at 24,000 strike price. Buzzing Index: The Nifty Media index added 1.63% to 2,050.25. The index slipped 4% in the past three consecutive trading sessions. PVR Inox (up 4.57%), Saregama India (up 3.05%), Tips Industries (up 2.76%), Network 18 Media & Investments (up 1.49%), Zee Entertainment Enterprises (up 0.74%), Nazara Technologies (up 0.71%), TV18 Broadcast (up 0.35%), Dish TV India (up 0.28%), Hathway Cable & Datacom (up 0.14%) slipped. Stocks in Spotlight : Capacite Infraprojects advanced 2.81% after its consolidated net profit surged 180.07% to Rs 53.41 crore in Q1 FY25 as compared with Rs 19.07 crore posted in Q1 FY24. Revenue from operations stood at Rs 569.75 crore in June 2024 quarter, up 32.36% from Rs 430.45 crore posted in same quarter previous year. KNR Constructions rose 0.44%. The company's consolidated net profit jumped 38.93% to Rs 177.66 crore in Q1 FY25 as against Rs 127.88 crore reported in Q1 FY24. Revenue from operations rose marginally to Rs 985 crore in Q1 FY25 as against with Rs 981.02 crore posted in Q1FY24. Powered by Capital Market - Live

The key equity indices traded with modest gains in mid-morning trade. The Nifty traded above the 24,250 mark. Realty shares advanced after declining in past two consecutive trading sessions. At 11:27 IST, the barometer index, the S&P BSE Sensex rose 385.98 points or 0.54% to 79,491.86. The Nifty 50 index added 116.75 points or 0.48% to 24,260.50. The broader market outperformed the frontline indices, the S&P BSE Mid-Cap index gained 1.01% and the S&P BSE Small-Cap index rallied 1.19%. The market breadth was strong. On the BSE, 2,339 shares rose and 1,401 shares fell. A total of 131 shares were unchanged. Buzzing Index: The Nifty Realty index gained 1.85% to 1,042.05. The index fell 1.32% in past two consecutive trading sessions. DLF (up 3.77%), Godrej Properties (up 1.75%), Oberoi Realty (up 1.74%), Sunteck Realty (up 1.60%), Sobha (up 1.5%), Macrotech Developers (up 1.16%), Prestige Estates Projects (up 1.1%), Brigade Enterprises (up 0.75%), Mahindra Lifespace Developers (up 0.67%) and Phoenix Mills (up 0.52%) advanced. Stocks in spotlight: Capacite Infraprojects rallied 4.35% after its consolidated net profit surged 180.07% to Rs 53.41 crore in Q1 FY25 as compared with Rs 19.07 crore posted in Q1 FY24. Revenue from operations stood at Rs 569.75 crore in June 2024 quarter, up 32.36% from Rs 430.45 crore posted in same quarter previous year. KNR Constructions rose 0.35%. The company's consolidated net profit jumped 38.93% to Rs 177.66 crore in Q1 FY25 as against Rs 127.88 crore reported in Q1 FY24. Revenue from operations rose marginally to Rs 985 crore in Q1 FY25 as against with Rs 981.02 crore posted in Q1FY24. Aurobindo Pharma slipped 2.98% after the company informed that the manufacturing facility of its wholly owned subsidiary Eugia Pharma has received a warning letter from the US FDA. Global Markets: Asian stocks surged on Friday, buoyed by upbeat US economic data that tempered recession fears. Robust US retail sales and a decline in jobless claims fueled a rally in global equities and sent bond yields higher. These positive economic indicators, following the benign inflation report earlier in the week, have strengthened expectations for interest rate cuts by the Federal Reserve. However, market sentiment suggests these cuts will be gradual. US stocks closed sharply higher on Thursday, with the Dow Jones Industrial Average gaining 1.4%, the S&P 500 rising 1.6%, and the Nasdaq Composite jumping 2.3%. Retail sales increased 1.0% after a downwardly revised 0.2% drop in June, easing fears of a sharp economic slowdown fanned by a jump in the unemployment rate last week. Initial claims for state unemployment benefits dropped 7,000 to a seasonally adjusted 227,000 for the week ended Aug. 10, the Labor Department said.Powered by Capital Market - Live

Revenue from operations stood at Rs 569.75 crore in June 2024 quarter, up 32.36% from Rs 430.45 crore posted in same quarter previous year. Profit before tax soared 176.39% year on year (YoY) to Rs 71.75 crore in the quarter ended 30 June 2024. EBIDTA grew 54% during the quarter to Rs 116 crore as against Rs 76 crore recorded in corresponding quarter previous fiscal. EBITDA margin improved to 20.1% in Q1 FY25 as compared with 17.4% reported in similar quarter last year. Gross debt stood at Rs 336 crore as on 30 June 2024 as compared to Rs 326 crore as at 31 March 2024 with gross debt to equity at 0.21x. Net debt stood at Rs 94 crore with net debt to equity at 0.06x. The company continued its focus on increasing execution across projects while improving working capital cycle. The order book on standalone basis stood at Rs 8,828 crore as of 30 June 2024. Public sector accounts for 72% while private sector accounts for 28% of the total order book. Rohit Katyal, executive director commented, 'We are delighted to start the year on a high note with achieving a YoY 32% growth in revenue from operations as well as improvement in margins. This was achieved despite the labour migration during elections. The highest ever quarterly PAT is reflection of our careful project selection and our execution expertise. The higher execution has helped us in better absorption of fixed cost thereby leading to improved profitability. Over the past few years, while our order book size has expanded significantly, our project under execution have reduced leading to higher revenue contribution per project, better management and improved margin profile. Our efforts towards improving the net working capital cycle (excluding retention) has translated in reduction of 17 days to 114 days as at 30 June 2024 from 131 days as at 31 March 2024. We remain committed towards improving our working capital cycle and maintaining healthy profitability. We have embarked on a high growth phase, backed by a diverse order book from distinguished clients in both public and private sector. With strong financial alongside our execution prowess we are confident of setting up new performance benchmarks in the years to come.' Capacite Infraprojects is engaged in construction of buildings & factories with specializion in construction of Highrise and Super High-rise residential, commercial, institutional buildings including super speciality hospitals etc. The scrip hit 52-week high of Rs 364.05 in today's intraday session. Powered by Capital Market - Live

Net profit of Capacit'e Infraprojects rose 180.07% to Rs 53.41 crore in the quarter ended June 2024 as against Rs 19.07 crore during the previous quarter ended June 2023. Sales rose 32.36% to Rs 569.75 crore in the quarter ended June 2024 as against Rs 430.45 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales569.75430.45 32 OPM %18.9516.38 - PBDT94.9950.45 88 PBT71.7525.96 176 NP53.4119.07 180 Powered by Capital Market - Live

Capacite Infraprojects will hold a meeting of the Board of Directors of the Company on 14 August 2024.Powered by Capital Market - Live