Upper circuit alert: This multibagger micro-cap construction company bags new order worth Rs 11,74,37,860; hits new 52-week high!

The stock has gained over 200 per cent in the last six months.

Artson Engineering Limited has received a purchase order worth Rs. 11,74,37,860 (excluding taxes) from Andritz Technologies Private Limited for the manufacture and supply of 24 In-bed heat exchangers (PRCRBD 002) made of SS 316 L. The order will be executed within 40 weeks. Owing to the positive news, the stock made a new 52-week high and was locked in the upper circuit.

The company posted robust Quarterly Results. The revenue of the company for Q2FY24 stood at Rs 30.12 crore which decreased by 11.58 per cent YoY. The operating profit of the company stood at Rs 3.67 crore, while the PAT of the company stood at Rs 3.21 crore, which is an increase of over 200 per cent.

Artson Engineering Limited is a design, EPC company in the oil, gas and hydrocarbon processing industry. It is specialised in tankages, piping and other mechanical packages. The company is also engaged in structural fabrication works and has two manufacturing facilities, one each in Nashik and Nagpur.  

Today, the stock opened at Rs 205.00, with a high and low of Rs 207.75 and Rs 185.00, respectively. The stock closed trading at Rs 207.75, which increased by 19.98%. The stock has a 52-week high of Rs 207.75 and a 52-week low of Rs 62.00.

The stock has also delivered multibagger returns of over 150 per cent in the last one year. Investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.