Multibagger civil construction stock hit 52-week high as company bags new order worth Rs 14.50 crore from Apothecon Pharmaceutical Pvt Ltd
The stock gave multibagger returns of over 300 per cent from its 52-week low of Rs 42.51 per share.
Conart Engineers Ltd has secured a significant order for the civil work of constructing a formulation facility for Apothecon Pharmaceuticals Pvt Ltd in Vadodara. This prestigious project, valued at Rs 14.50 crore (including GST), aligns with the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scope of work entails the complete construction of the formulation facility and is expected to be completed within 11 months from the commencement of on-site mobilization. This order marks a strategic milestone for Conart Engineers Ltd, solidifying its position in the pharmaceutical construction sector.
Conart Engineers Ltd., a renowned engineering firm established in 1973, specializes in providing comprehensive general contracting and project management services. With a strong track record spanning decades, Conart has successfully executed numerous complex projects across various industries. Their expertise lies in cost monitoring, schedule management, subcontractor coordination, field engineering, safety assurance, and quality control.
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Beyond general contracting, Conart also offers design-built and turnkey services. This allows them to take on projects from inception to completion, ensuring seamless integration of design, construction, and management. Their turnkey services extend to real estate investing, finance, and development, providing clients with a one-stop solution for their projects. Additionally, Conart's project management services encompass master planning, bid phase support, cost estimating, CPM scheduling, change order evaluation, project cost controls, safety management, quality inspections, technology services, and constructability reviews.
On Monday, shares of Conart Engineers Ltd surged 9.53 per cent and made a new 52-week high of Rs 185 per share from its previous closing of Rs 168.90 per share. The stock gave multibagger returns of over 300 per cent from its 52-week low of Rs 42.51 per share. At the closing bell, shares of the company were trading at Rs 173.50 per share, up 2.72 per cent with a 3.70 times spurt in volume. Investors should keep an eye on this civil construction stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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