Upper Circuit Alert: Multibagger Penny Stock Under Rs 100, Bags New Orders Worth Rs 16,52,00,000 from SILOX India Pvt Ltd

The stock is up by 83 per cent from its 52-week low of Rs 53.83 per share and has given multibagger returns of 950 per cent in 5 years.

On Thursday, shares of Conart Engineers Ltd hit a 5 per cent upper circuit to Rs 94.34 per share from its previous closing of Rs 93.66 per share. The stock is up by 83 per cent from its 52-week low of Rs 53.83 per share and has given multibagger returns of 950 per cent in 5 years.

Conart Engineers Ltd. has secured significant new projects, as evidenced by two substantial orders from M/s. Silox India Private Limited in Dahej. The first project, valued at ₹7.49 Crores (basic without GST), entails the construction of a 2.7-meter-high compound wall with approximately 1.5 kilometres of barbed wire fencing, slated for completion within 12 months of the April 15, 2025 site mobilisation. The second order, worth ₹9.03 Crores (basic without GST), involves extensive civil work for site grading and earthwork across a 34.76-acre plot, totalling 2.5 lakh cubic meters and including yellow soil filling and site clearance, with a 6-month execution timeline from the same mobilization date; both these contracts represent significant wins from a domestic client, underscoring Conart's strong position in the Indian construction sector.

About the Company

Conart Engineers Ltd, a seasoned engineering firm founded in 1973, is a trusted provider of comprehensive general contracting and project management solutions. With a proven track record spanning decade, Conart has successfully delivered numerous intricate projects across diverse industries. Their expertise encompasses cost monitoring, schedule management, subcontractor coordination, field engineering, safety assurance, and quality control. Beyond general contracting, Conart offers design-build and turnkey services, enabling it to undertake projects from inception to completion. Their turnkey services extend to real estate investing, finance, and development, providing clients with a one-stop solution. Additionally, Conart's project management services include master planning, bid phase support, cost estimating, CPM scheduling, change order evaluation, project cost controls, safety management, quality inspections, technology services, and constructability reviews.

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