Penny stock under Rs 55: This micro-cap company bags multiple new orders worth Rs 9.85 crore!

Shares of the company gained about 50 per cent in the last six months.

Artefact Projects Limited informed in the exchange filing that the company has bagged multiple orders worth Rs 9.85 crore. The order is received from the National Highway Authority of India for providing consultancy services for independent engineer services for the operation & maintenance in the State of Rajasthan. The project is worth Rs 4.78 crore.

Recently, the company also bagged an order worth Rs 5.07 crore from the National Highway Authority of India for providing independent engineer (IE) services for the operation and maintenance stage of four laning of Kashipur- Sitarganj section NH-74 in the State of Uttarakhand and Uttar Pradesh under NHDP Phase -IV on DBFOT (Toll) basis. The company has a total order book of Rs 236 crore.

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Artefact Projects Limited is engaged in providing consulting services across core infrastructure sectors highways, airports & urban development projects. The company offers services such as Detailed Project Report (DPR) preparation, project funding and financial closure services, construction supervision and project management services, structuring of project contracts for departmental funding, conducting economic and financial viability analysis and township sector services.

On Friday, the stock opened at Rs 52.10, with a high and low of Rs 55.00 and Rs 52.10. The stock is currently trading at Rs 53.90, up by 4.19 per cent. The stock has a 52-week high of Rs 65.00 and a 52-low of Rs 30.16.

The stock has shown tremendous growth, and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.