This small-cap company bags purchase order worth Rs 14.49 crore!

Kiran Shroff
/ Categories: Trending, Mindshare
This small-cap company bags purchase order worth Rs 14.49 crore!

The stock returned 43.11 per cent in 1 year with an ROE of 143.99 per cent.

Today, shares of Artson Engineering Ltd surged 2.75 per cent to an intraday high of Rs 77.85 per share from its previous closing of Rs 75.77. At 03:30 pm, shares of the company ended the day in green, up 0.30 per cent to Rs 76 per share.  

Recently, Artson Engineering informed the exchange that it has received purchase order for Rs. 14.49 crore excluding taxes from Tata Projects Ltd (TPL) for supply of pressure vessels and its mandatory, erection & commissioning spares. The order is a domestic order which is to be completed within 10 months.  

Artson Engineering Limited (BSE Script Code: 52234) is an engineering, manufacturing and construction (EMC) Contracting Company with businesses in pressure equipment manufacturing for oil and gas, power, construction of bulk liquid storage farms, structure fabrication, ship construction and other industrial services.  

This industrial manufacturing company had a market cap of Rs 280.59 crore with a 1-year CAGR of 39 per cent. The company's shareholding structure shows that the promoters own the majority of the stock (75 per cent), followed by DIIs (0.06 per cent), FIIs (0.01 per cent) and the general public (24.93 per cent) as of December 2022.  

The stock has a 52-week high of Rs 129.95 and a 52-week low of Rs 49.40 with an ROE of 143.99 per cent. The stock returned 43.11 per cent in 1 year. This Small-Cap stock should be kept under the radar.  

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