Penny stock under Rs 50: This micro-cap company bags multiple new order worth Rs 21.27 crore!

Shares of the company gained about 20 per cent in the last six months.

Shares of Artefact Projects Limited informed in the exchange filing that the company has bagged multiple orders worth Rs 21.27 crore. The order is received from the National Highway Authority of India for providing consultancy services for independent engineer services for the operation & maintenance of Madurai-Virudhunagar to Virudhunagar to Kayathar. The project is worth Rs 6.57 crore.

Recently, the company also bagged an order worth Rs 14.7 crore from the National Highway Authority of India for providing independent engineer (IE) services for the operation and maintenance stage and balance construction work for four laning of the Bhavnagar-Talaja section of NH–51 through hybrid annuity mode in the state of Gujarat. The order also involves Consultancy Services for AE for Supervision of the Construction of 4 lane access-controlled highway from Samarlakota to Achampeta Junction.

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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 49.99, with a high and low of Rs 49.99 and Rs 48.00. The stock closed trading at Rs 48.20, up by 0.69 per cent. The stock has a 52-week high of Rs 69.00 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.