Artson Engineering surged 14.22% to Rs 69.50 at 10:15 IST on BSE after the company received a purchase order from Thyssenkrupp Industries India of about Rs 15 crore.
The announcement was made after market hours yesterday, 28 August 2018.On the BSE, 51,000 shares were traded on the counter so far as against the average daily volumes of 7907 shares in the past two weeks. The stock had hit a high of Rs 73 and a low of Rs 66.10 so far during the day.
The order is for fabrication and supply of approx. 2000 MT CHP structures for a power plant in UP. The order is to be executed by five months.
Artson Engineering reported net loss of Rs 2.91 crore in Q1 June 2018 as compared with net profit of Rs 0.49 crore in Q1 June 2017. Net sales rose 23.79% to Rs 36.17 crore in Q1 June 2018 over Q1 June 2017.
Artson Engineering is a project engineering company.
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