The sudden rise in the stock price is due to the company reporting fantastic numbers on its Quarterly Results (Q1FY24). Details below:
Artson Engineering is an EMC contracting company founded in 1978 in Hyderabad. It provides services in pressure equipment manufacturing, bulk liquid storage farms, industrial piping, etc.
In the previous quarter of the year, Artson Engineering received orders for the supply of pressure vessels and erection and commissioning spare worth Rs 14.49 crore. In January 2023, the company also received an order for engineering equipment installation and commissioning works at GRSE worth Rs 17.16 crore. These orders are a testament to the company's expertise in the engineering and construction sector.
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