{"id":115974,"date":"2023-12-21T14:26:37","date_gmt":"2023-12-21T08:56:37","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115974"},"modified":"2023-12-21T14:27:44","modified_gmt":"2023-12-21T08:57:44","slug":"penny-stock-jumps-up-to-4-after-company-received-a-project-from-the-nhai-worth-8-98-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-jumps-up-to-4-after-company-received-a-project-from-the-nhai-worth-8-98-cr\/","title":{"rendered":"Penny stock jumps up to 4% after company received a project from the NHAI worth \u20b9 8.98 Cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3069672896\"><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>The shares of this project management consultants gained up to 4 percent after the company received a project from the National Highway Authority of India worth Rs 8.98 crore,\u00a0with a market capitalization of Rs 45.37 crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/531297\/standalone?defaul=true\" target=\"_blank\" rel=\"noreferrer noopener\">Artefact Projects Ltd<\/a><\/strong> were trading at Rs 62.45 per share, increasing around 4 percent compared to the previous closing price of Rs 60.04 per share.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3317294023\"><!-- 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>The National Highway Authority of India awarded Artefact Projects Ltd a contract for consultancy services for the Authority&#8217;s engineer to supervise the 4 laning of Mohad to Satai Ghat section NH-934, which is a 39.575 km long project in the State of Madhya Pradesh that is being completed on an EPC mode. The contract is valued at Rs 8.98 crore.&nbsp;<\/p><p>Looking into Artefact Projects Ltd&#8217;s performance, revenue increased by 58 percent from Rs 4.07 Crore in Q2FY23 to Rs 6.44 Crore in Q2FY24. During the same time frame, net profit increased by 98 percent from Rs 0.96 crore to Rs 1.91 crore.&nbsp;<\/p><p>Artefact Projects Ltd. reported return ratios in the recent financial year with a return on equity (ROE) of 9.71 percent and a return on capital employed (ROCE)of 7.28 percent.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1578441299\"><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 Ltd&#8217;s recent shareholding pattern, The Promoters of the company own 39.09 percent while Retail shareholders own a 60.23 percent stake in the company. The equity ratio of the company is 0.21.&nbsp;<\/p><p>Among the first few companies to serve as independent engineers on PPP highway projects was Artefact. Expert services in design, construction financial closure, operations and maintenance supervision, and quality control of highway ongoing assignments were included in the scope of work. These projects included 17 major national highway projects for the 4\/6 laning of 1735 km of NH sections in various States across India.&nbsp;<\/p><p>Artefact Projects is an Infrastructure Services Consultancy Organization that provides Engineering, Architectural, and Project Management services for Infrastructure Projects like Highways, Urban Infrastructure, Airports, Mining Services, and Railways&nbsp;<\/p><p><strong>Written by:- Abhishek Singh<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter\"><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-3065983206\"><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>The shares of this project management consultants gained up to 4 percent after the company received a project from the National Highway Authority of India worth Rs 8.98 crore,\u00a0with a market capitalization of Rs 45.37 crores, the shares of Artefact Projects Ltd were trading at Rs 62.45 per share, increasing around 4 percent compared to [&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":[12912,6138,6139,3555,9610],"class_list":["post-115974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-fundamentally-strong-penny-stock","tag-indian-penny-stocks","tag-indian-penny-stocks-to-buy-in-2023","tag-multibagger-penny-stocks","tag-penny-stock"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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