Low PE penny stock under Rs 80 locked in 20 per cent upper circuit; Reports stellar results & bags order from Ministry of Road Transport & Highways
The stock is up over 50 per cent from its 52-week low of Rs 52 per share.
On Wednesday, shares of Artefact Projects Ltd hit a 20 per cent upper circuit to Rs 78.15 per share from its previous closing of Rs 65.13 per share. The shares of the company saw a spurt in volume by more than 4.71 times on the BSE.
Artefact Projects Limited has secured a significant project from the Government of India's Ministry of Road Transport & Highways, in association with M/s Manglam Infra & Engineering Limited and Shree Mahamai. The project involves providing consultancy services for the preparation of Detailed Project Reports (DPRs) for four bypasses in Punjab. These include bypasses for Kot Ise Khan (NH-703B), Bhikwind (NH-703B), Bagha Purana (NH-254), and Jalalabad (NH-754). The contracted fees for Artefact Projects Limited for this domestic project total Rs 40,74,225 excluding GST, and the project is expected to be completed within 300 days.
Earlier, the company in association with Renaissance 10T LLP, has been awarded a contract by the National Highways Authority of India (NHAI) for Independent Engineer Services. This domestic order, valued at approximately Rs 3,77,73,900/- plus GST, involves overseeing the Operation and Maintenance of the 4-laning of the UP/Haryana Border-Rohna-Hassangarh-Jhajjar Section of NH-334 B. The services will be provided for 36 months.
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Incorporated in 1987, Artefact Projects Ltd is engaged in the project consultancy business in India. The company has a market cap of Rs 57 crore and reported positive numbers in its Quarterly Results (Q4FY25) and annual results (FY25).
According to quarterly results, the net sales increased by 79 per cent to Rs 12.74 crore and the net profit increased by 1,255 per cent to Rs 2.98 crore in Q4FY25 compared to Q4FY24. In its annual results, the net sales increased by 24 per cent to Rs 30.05 crore and the net profit increased by 38 per cent to Rs 7.43 crore in FY25 compared to FY24.
The stock’s 52-week high is Rs 89.74 per share and its 52-week low is Rs 52 per share. The shares of the company have a PE of 9x whereas the industry PE is 26x. The stock is up over 50 per cent from its 52-week low of Rs 52 per share.
Disclaimer: The article is for informational purposes only and not investment advice.