Capacit'e Infraprojects recovered 10.37 per cent from the day’s low to close at Rs 310.65. The state-owned explorer’s net profit for the three months to March 31, jumped 37 per cent on back of higher oil prices. The stock ended 1.95 per cent higher at Rs 177.35 apiece on BSE.Shares of the construction firm plunged further, down as much as 17.2 per cent to Rs 760.10, its lowest since October 17, 2017. An analysis of the wave pattern suggests the stock has completed a five-wave uptrend and wave A of the corrective cycle has started. The scrip ended 9 per cent lower at Rs 834.35 apiece on BSE.

Source: Economic Times May 31, 2018 11:33 UTC