Heavy Buying: Microcap Company's Stock Rallies Over 7 per cent, After Securing Order Worth Rs 57.98 Lakhs – Volumes Surge Over 13 Times on BSE Today
The company’s shares have delivered an impressive return of over 50 per cent in the past 1 year.
Incorporated in 1987, Artefact Projects Ltd is engaged in the project consultancy business in India. Recently, the company has been awarded a project by the Ministry of Road Transport and Highways for consultancy services as the Authority Engineer for the construction of the Shohratgarh Bypass. The bypass, with a design length of 6.273 km, will be developed into a two-lane road with paved shoulders on NE-730, extending from Ch. 413.700 to Ch. 419.000, under the EPC mode in Uttar Pradesh. The company’s contracted fees for this project are approximately Rs 57.98 lakh (Fifty-seven lakh, ninety-eight thousand, four hundred only).
Today, the company's shares have attracted significant investor attention, resulting in a volume spike of over 13 times on the BSE. The shares of Artefact Projects Ltd closed the day at approximately Rs 78.04 per share, with the company’s current market capitalization standing at Rs 56.77 crore. The stock has delivered around a 50 per cent return in just one year.
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As per the Quarterly Results, in the first quarter of FY25, Artefact Projects Ltd recorded a revenue of Rs 3.12 crore. The operating profit stood at Rs 0.87 crore. The net profit for the period was Rs 1.44 crore. Looking at the annual performance, the company generated a revenue of Rs 24.17 crore in FY24, compared to Rs 18.17 crore in FY23. The operating profit for FY24 was Rs 2.88 crore with a net profit of Rs 5.23 crore.
According to the shareholding pattern, promoters own 39.09 per cent, and public investors own a 60.23 per cent. FIIs own a 0.69 per cent stake in the company.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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