Multibagger Penny stock: This micro-cap company bags multiple new orders worth Rs 5.50 crore from the National Highway Authority of India!

Shares of the company gained about 80 per cent in the last six months.

Artefact Projects Limited has secured a project from the National Highway Authority of India (NHAI) worth approximately Rs. 5.50 crore. This project involves providing consultancy services for the supervision of road rehabilitation and upgradation in Odisha.

Artefact will act as the Authority Engineer for the rehabilitation and upgradation of a two-lane stretch of National Highway 200 (New NH-53) from Duburi to Chandikhole, including a major bridge over the Brahmani River. Additionally, they will oversee the rehabilitation and upgradation of National Highway 149 from Pallahara to Pitri section to two lanes with paved shoulders.

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This project, awarded under the NHDP-IV program using the EPC (Engineering, Procurement, and Construction) mode, strengthens Artefact's position in the infrastructure development sector. The company has a total order book of about Rs 200 crore. The stock has delivered multibagger returns of over 100 per cent return in the last one year.

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 95.00, with a high and low of Rs 95.00 and Rs 91.36. The stock is closed trading at Rs 92.90, up by 0.66 per cent. The stock has a 52-week high of Rs 111.00 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.