Back-to-back upper circuit: This microcap penny stock surge on bagging order from NHAI
The Stock saw a spurt in volume by more than 1.78 times.
Artefact Projects has been awarded project from National Highway Authority of India (NHAI). The project is for consultancy Services for Independent Engineer Services for Operation & Maintenance of Madurai-Virudhunagar from Km 0+00 to km 52+300, & Virudhunagar to Kayathar from km 52+300 to km 116+500 section of NH-44. The company has received the letter of Award for the said project. The Company’s contracted fees for the above project awarded is around Rs 6.57 crore.
Artefact Projects provides project management services for highways, airports & urban development projects. The company has a global presence and reach of services.
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Artefact Projects is currently trading at Rs 50.50, up by 2.30 points or 4.77 per cent from its previous closing of Rs 48.20 on the BSE. The scrip opened at Rs 50.60 and has touched a high and low of Rs 50.61 and Rs 49.85 respectively. So far 26703 shares were traded on the counter. Stock saw a spurt in volume by more than 1.78 times.
The BSE group 'XT' stock of face value Rs 10 has touched a 52-week high of Rs 65.00 and a 52-week low of Rs 30.16. Last one week high and low of the scrip stood at Rs 52.45 and Rs 45.91 respectively. The current market cap of the company is Rs 36.82 crore. The promoters holding in the company stood at 39.09 per cent, while Institutions and Non-Institutions held 1.03 per cent and 59.88 per cent respectively.
Disclaimer: The article is for informational purposes only and not investment advice.