Rs 205 crore order book: This micro-cap multibagger company receives orders worth Rs 9 crore from National Highway Authority of India!
The stock is up by 90 per cent in just 3 months and over 140 per cent in 3 years.
Artefact Projects Limited has been awarded the following Projects from the National Highway Authority of India for Consultancy Services for Authority’s Engineer for supervision of the projects:
a. Construction of Agra Bypass (Northern) connecting Yamuna Expressways in the district of Mathura in the state of Uttar Pradesh on EPC mode in the State of Uttar Pradesh.
b. Construction of left out a portion of Agra Inner Ring Road connecting village Deori in the district of Agra in the state of Uttar Pradesh on EPC mode.
The Company’s order book of fees stands at Rs 205 crore approx. including orders bagged for 20 projects assignments comprising contracted fees of approx. Rs 142 crore in the past year itself.
On Wednesday, one of the Top Gainers on BSE, shares of Artefact Projects zoomed 3.95 per cent to an intraday high of Rs 60 per share from its previous closing of Rs 57.72. At the closing bell, shares of the company ended the day in green, up 0.58 per cent to Rs 58 per share.
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Artefact Projects Limited provides engineering and construction services for highways, urban infrastructure, and airports. Artefact Projects serves clients worldwide. The company reported positive numbers in its Quarterly Results and annual results. The company has a market cap of Rs 41.82 crore with a 3-year CAGR of 33 per cent.
The shares of the company have a PE of 10.90x whereas the sectoral PE is 24x. The stock is up by 90 per cent in just 3 months and over 140 per cent in 3 years. Investors should keep an eye on this multibagger micro-cap stock.