Low PE penny stock under Rs 85: This micro-cap company receives orders worth Rs 1,09,00,000 from Ministry of Road Transport and Highways
The stock is up by 62 per cent from its 52-week low of Rs 48.42 per share.
Artefact Projects Limited has been granted Consultancy Services order for the preparation of a detailed project report for the up-gradation of four laning of Keshloor-Sukma-Konta on NH-30 in Chhattisgarh (Pkg-7: Keshloor-Sukma-Konta on NH-30) by the Ministry of Road Transport and Highways. This domestic project, valued at approximately Rs. 1.09 crores, mandates the company to furnish consultancy services within eight months. The scope of the project involves the preparation of a comprehensive report outlining the detailed design and development plans for the proposed road up-gradation.
Incorporated in 1987, Artefact Projects Ltd is engaged in the project consultancy business in India. The company has a market cap of 57.12 crore and reported positive numbers in its Quarterly Results and annual results. The stock is trading at 0.96 times its book value and has delivered good profit growth of 31.6 per cent CAGR over the last 5 years.
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On Wednesday, shares of Artefact Projects Ltd plunged 1.89 per cent to Rs 78.51 with an intraday high of Rs 81.40 and an intraday low of Rs 78.09 from its previous closing of Rs 80.02. The stock’s 52-week high is Rs 111 and its 52-week low is Rs 48.42.
The shares of the company have a PE of 10x whereas the industry PE is 33x. The stock is up by 62 per cent from its 52-week low of Rs 48.42 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.