On Monday, the first day of the new trading week, shares of consultancy company Artefact Project Limited were registering a rise of 4.50 percent and had reached the level of Rs 50.37. Artefact Project Limited, which has given returns of more than 120 percent to investors in the last 3 years, has informed the stock market that it has recently received new orders worth Rs 21.27 crore. After this news comes out, further rise can be registered in the shares of Artefact Project.
Artefact Project Limited has received the contract of consultancy services for Independent Engineer Service from National Highway Authority of India Limited, a major company building National Highways in India. Artefact Project Limited has got this contract worth Rs 6.57 crore for the operation and maintenance of Madurai-Virudhunagar and Virudhunagar-Kayathar sections.
Along with this, the company has won another contract worth Rs 14.7 crore from NHI. There is a contract for maintenance, operation and balance construction of Bhavnagar-Talaja section. This project is to be completed under National Highway No. 51.
Shares of Art Fact Projects Limited, which had seen a low of ₹ 35 on March 31 this year, are currently trading at a slight rise at the level of ₹ 50. In the last 6 months, the shares of Art Fact Project Limited have given bumper returns of about 70 percent to the investors from the low level of ₹ 31.
The Artefact project is to build a four-lane access control highway to develop connectivity from Kakinada Port to Achampet Junction in NH-16 on EPC mode under the Bharatmala project.
Along with this, Artefact Projects has got the work of Independent Engineering Services for operation and maintenance of NH 26 on North South Corridor in UP and MP.
Artefact Project Limited, formed in the year 1987, is involved in project consultancy business in India. Art Fact Project Limited, a company with a market cap of around ₹ 38 crore, has announced excellent figures in its quarterly and annual results.