Artson Engineering surges on bagging contract worth Rs 9.12 crore

29 Nov 2012

Artson Engineering is currently trading at Rs. 28.90, up by 3.10 points or 12.02% from its previous closing of Rs. 25.80 on the BSE.

The scrip opened at Rs. 24.00 and has touched a high and low of Rs. 28.95 and Rs. 24.00 respectively. So far 52,084 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 36.40 on 21-Feb-2012 and a 52 week low of Rs. 19.00 on 30-Dec-2011.

Last one week high and low of the scrip stood at Rs. 29.90 and Rs. 24.00 respectively. The current market cap of the company is Rs. 106 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 0.01% and 24.99% respectively.

Artson Engineering has bagged contract worth Rs 9.12 crore for a project entailing Piping Shop Fabrication Works to be executed in United Arab Emirates (UAE).

Artson Engineering is engaged in pioneering work in developing products and systems in fuel handling and tankage construction activities in refineries, which led the company to become one of the foremost companies in India with specialization in Petroleum Storage and handling systems.

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