{"id":110658,"date":"2023-09-25T11:48:54","date_gmt":"2023-09-25T06:18:54","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=110658"},"modified":"2023-09-25T11:51:49","modified_gmt":"2023-09-25T06:21:49","slug":"penny-stock-jumps-10-after-bagging-order-from-national-highway-authority-of-india","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-jumps-10-after-bagging-order-from-national-highway-authority-of-india\/","title":{"rendered":"Penny stock jumps 10% after bagging an order from National Highway Authority of India"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1780069261\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This penny stock jumped 10% within the first half hour of markets opening on Monday after it bagged an order from National Highway Authority of India. The stock currently trades at Rs. 53.65 versus 49.24 at previous close. The company has a market cap of Rs. 39 crore and is currently trading 17% away from its 52 week high and 6.5% above its 20 day and 200 day moving averages respectively.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2005723724\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/531297\/standalone?defaul=true\" target=\"_blank\" rel=\"noreferrer noopener\">Artefact Projects Ltd<\/a><\/strong> (\u201cArtefact projects\u201d) announced in a filing dated 23rd September 2023 that it has been awarded the following Project from National Highway Authority of India. Under the order, the company will provide independent engineer services for operation and maintenance stage of four laning of Kashipur- Sitarganj section NH-74 from km 175.000 to km 252.200 in the State of Uttarakhand and Uttar Pradesh under NHDP Phase -IV on DBFOT (Toll) basis.\u00a0<\/p><p>The company\u2019s contracted fees for the above project awarded is approx. Rs. 5.07 crores. With the above contracted award, the company\u2019s cumulative gross value of orders in hand for ongoing projects exceeds Rs. 236 crore which the company states will impart a strong revenue visibility for next 3 to 4 years.&nbsp;<\/p><p>The company\u2019s growth has slowed in the previous fiscal year but its profitability in the form of bottom line margins has expanded considerably over the past few years. Artefact Projects\u2019 revenue degrew 23% YoY in FY23 from Rs. 23.6 crore to Rs. 18.2 crore.Net profits during the same period grew 29% YoY from Rs. 4.1 crore to Rs. 5.3 crore, indicating a margin accretion of approx. 1190 bps.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1430172698\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Artefact Projects provides project management services for infra such as highways and airports as well as urban development projects in India and abroad. The company has had stable shareholding over the past few quarters with 39% promoter holding, 60% public holding and rest being held by FIIs.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sandeep R<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-415976550\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This penny stock jumped 10% within the first half hour of markets opening on Monday after it bagged an order from National Highway Authority of India. The stock currently trades at Rs. 53.65 versus 49.24 at previous close. The company has a market cap of Rs. 39 crore and is currently trading 17% away from [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":98544,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[11798,11797,948,936,12414],"class_list":["post-110658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-artefact-projects-latest-news","tag-artefact-projects-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-artefact-projects-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Penny stock jumps 10% after bagging an order from National Highway Authority of India - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This penny stock jumped 10% within the first half hour of markets opening on Monday after it bagged an order from National Highway Authority of India. The stock currently trades at Rs. 53.65 versus 49.24 at previous close. The company has a market cap of Rs. 39 crore and is currently trading 17% away from its 52 week high and 6.5% above its 20 day and 200 day moving averages respectively.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/penny-stock-jumps-10-after-bagging-order-from-national-highway-authority-of-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Penny stock jumps 10% after bagging an order from National Highway Authority of India\" \/>\n<meta property=\"og:description\" content=\"This penny stock jumped 10% within the first half hour of markets opening on Monday after it bagged an order from National Highway Authority of India. The stock currently trades at Rs. 53.65 versus 49.24 at previous close. 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