Conart Engineers is trading at its upper circuit limit of RS. 89.20, up by 4.24 points or 4.99% from its previous close of RS. 84.96 on the BSE.
The stock opened and hit a high and low of RS. 89.20, with just 18 shares traded on the counter so far.
A BSE group 'XT' stock with a face value of RS. 5, Conart Engineers has recorded a 52-week high of RS. 173.90 on December 23, 2024, and a 52-week low of RS. 53.83 on May 10, 2024. In the past week, the scrip has fluctuated between RS. 89.20 and RS. 78.56. The company’s current market capitalization is RS. 56.02 crore.
Promoters hold 44.23% of the company’s shares, while non-institutional investors own 55.77%.
The company has secured two new construction orders totaling approximately RS. 16.52 crore. The first order, valued at RS. 7.49 crore, involves the construction of a 2.7-meter-high compound wall with 1.5 km of barbed wire fencing at SILOX India, Dahej. The project is scheduled for completion within 12 months from mobilization, which began on April 15, 2025.
The second order, worth RS. 9.03 crore, covers civil work for site grading and earthwork on a 34.76-acre plot involving 2.5 lakh cubic meters of yellow soil filling and plot clearing at the same Dahej site. This project is to be completed within 6 months of mobilization, also starting April 15, 2025.
Conart Engineers is a prominent player in engineering, procurement, and construction services across industrial, commercial, residential, and infrastructure segments.