Infra Stock Under Rs 100 Awarded Projects From NHAI, Scrip Up 53.83% In 3 Months

Artefact Projects Limited on last week on Friday, June 23, 2023, informed the exchange that the company has been awarded the Projects from the National Highway Authority of India (NHAI). These projects include various road construction in Uttar Pradesh.

Artefact Projects is an infrastructure company engaged in the project consultancy business in India With market capitalisation of Rs. 41.18 crores, it is a micro-cap company.

Artefact Projects Limited Awarded the Projects From the NHAI

The Company has been awarded the following Projects from National Highway Authority of India:

1. Consultancy Services for Authority's Engineer for supervision for the projects:

a. Construction of Agra Bypass (Northern) connecting km. 174.500 of NH-19 (old NH-2) to km 141.000 of Yamuna Expressways in the district of Mathura in the state of Uttar Pradesh on EPC mode in the State of Uttar Pradesh.

b. Construction of left out portion of Agra Inner Ring Road connecting village Deori (Design CH.0.00) to NH-44 (old NH-03) village Bad (Design CH. 7.772) in the district of Agra in the state of Uttar Pradesh on EPC mode.

2. The Company's order book of fees stands at Rs. 205 Crores approx. including orders bagged for 20 projects assignments comprising contracted fees of approx. Rs. 142 Crores in past year itself.

3. The present Order book position imparts to the Company a revenue visibility for next 4 to 5 years with almost 100% expected increase in Annual Turnover levels. Kindly take the same on your records & acknowledge.

Stock Movement

The stock's current market price is Rs 58.90 apiece, up 2.47% from its previous close of Rs. 57.48 apiece. Today, it opened at Rs 58.90 apiece.

The stock traded the 52 week high on Sept 06, 2022 at Rs 79.25 apiece, while the 52 week low on Mar 28, 2023 at Rs 30.16 apiece, respectively.

The stock jumped 7.42% in 1 month, and 53.83% in 3 months, respectively. It gave 30.89% positive return in the past 1 year and 48.36% in the past 2 years, respectively. The stock jumped 145.42% positive return in the past 3 years. It gave 47.25% positive return in the past 5 years.