Under Rs 150: This Infra Company Bagged Order Worth Rs 3,10,00,000, Stock Gains over 230 per cent in just 1 year!
The company’s shares have delivered an impressive return of around 108 per cent in just 6 months only.
Incorporated in 1973, Conart Engineers specializes in General Contracting and Project Management Services. Recently, the company secured a work order from Amneal Pharmaceuticals Private Limited, Vadodara, for the construction of a New Industrial Warehouse and Softmist Plant at Pipan, Sanand, Dist. Ahmedabad, Gujarat, India. The approximate value of the project is Rs 3.10 crore, subject to any changes in the final layout plan and additional work if required. The order/contract is to be executed within 3 months from the date of the Purchase Order (PO).
Share Performance:
On Friday the shares of Conart Engineers closed the day at Rs 142.20 per share. The company’s current market capitalization stands at Rs 44.65 crore. The stock has delivered a multibagger return of around 108 per cent in just 6 months only.
Financial performance:
According to the Quarterly Results, in Q4 FY24, Conart Engineers reported a revenue of Rs 26.44 crore and an operating profit of Rs 1.63 crore. The operating profit margin for the quarter stands at 6.16 per cent. The company’s net profit stood at Rs 1.79 crore. In FY24, the company reported a revenue of Rs 48.89 crore compared to Rs 35.49 crore and a net profit of Rs 3.08 crore, compared to a profit of Rs 1.97 crore in the previous year.
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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