19 Sep 2024

Artefact Projects Rises on Securing Order from Ministry of Road Transport and Highways

Artefact Projects saw a boost in its stock price, currently trading at Rs. 81.49, marking a rise of 3.80% or 2.98 points from its previous close of Rs. 78.51 on the BSE.

The stock opened at Rs. 82.99, hitting a high of Rs. 82.99 and a low of Rs. 80.81 so far. A total of 7,658 shares have been traded during the session.

Part of the BSE group 'X', the stock has a face value of Rs. 10 and has seen a 52-week high of Rs. 111.00 on January 12, 2024, and a low of Rs. 48.42 on September 22, 2023. In the past week, its highest and lowest prices were Rs. 82.99 and Rs. 78.09, respectively. The company’s market capitalization stands at Rs. 58.79 crore.

The company's promoters hold 39.09% of shares, while institutions and non-institutional investors hold 0.69% and 60.23%, respectively.

Artefact Projects recently secured an order worth Rs. 1.09 crore from the Ministry of Road Transport and Highways. The project involves providing consultancy services for preparing a detailed project report for upgrading the four-lane Keshloor-Sukma-Konta section of NH-30 in Chhattisgarh. The company has received the official Letter of Award for this project.

Artefact Projects specializes in managing projects for highways, airports, and urban development, with a global footprint in its service offerings.