Synopsis: Four Penny stocks gained attention after securing new contracts, boosting growth prospects. Artefact Projects, Akash Infraprojects, Sharika Enterprises and Shree Marutinandan Tubes won fresh orders across various sectors.
Several Penny stock companies have recently attracted investor attention after announcing fresh work orders that could significantly boost their revenue visibility and market standing. These developments highlight growing business momentum and potential turnaround opportunities within this cap segment. Here’s a closer look at four such Penny stocks now in focus following their latest contract wins.
Here is the list of Penny Stocks with new orders
Artefact Projects Ltd
Artefact Projects Ltd is an Indian infrastructure consultancy firm established in 1987, specializing in project management, engineering, and planning for roads, highways, urban development, and airports, offering services from concept to commissioning with strong technical expertise and international collaborations.
With a market capitalization of Rs. 43.94 crores on Thursday, the shares of Artefact Projects Ltd jumped upto 4.5 percent, reaching a high of Rs. 62.00 per share compared to its previous closing price of Rs. 59.32 per share.
Artefact Projects Limited has been awarded a consultancy project by the National Highways Authority of India (NHAI) for independent engineer services during the operation and maintenance of two sections of NH-36 in Tamil Nadu, from Sethiyathope to Cholapuram (Km 65+960 to Km 116+440) and Cholapuram to Thanjavur (Km 116+440 to Km 164+275).
The project will be executed in association with Pioneer Infra Consultants Pvt. Ltd. and Neoteric Consultant LLP, with a contract value of Rs. 7.67 crore (excluding GST) for a period of 60 months.
Akash Infraprojects Ltd
Akash Infra-Projects Ltd. (AIPL) is an Indian civil construction firm, established in 1999, specializing in government contracts for roads, bridges, and other infrastructure in Gujarat, also building commercial complexes and hotels, aiming to diversify beyond tenders into non-governmental projects.
With a market capitalization of Rs. 43.30 crores on Thursday, the shares of Akash Infraprojects Ltd jumped upto 2.7 percent, reaching a high of Rs. 26.73 per share compared to its previous closing price of Rs. 26.02 per share.
The company has received a work order from the Executive Engineer, Road and Building Division, Himmatnagar, for the widening of Himmatnagar–Katvad–Hapa–Tajpuri Road (km 0/00 to 8/100) in Taluka Himmatnagar, Sabarkantha district.
The contract value is Rs. 18.21 crore, awarded at 6.41% below the estimated cost. The work is to be completed within 12 months, with a 3-year defect liability period. Performance security has been submitted as per tender requirements, and 6% retention will be applied to each bill up to a maximum of Rs. 91.06 lakh.
Sharika Enterprises Ltd
Sharika Enterprises Ltd. is an Indian company focused on the power sector, offering EPC (Engineering, Procurement, Construction), consultancy, and project management for power generation, transmission, and distribution, specializing in smart grid tech, SCADA/ADMS, and EHV cables, while also trading electrical products like LEDs.
With a market capitalization of Rs. 57.29 crores on Thursday, the shares of Sharika Enterprises Ltd jumped upto 3.6 percent, reaching a high of Rs. 14.00 per share compared to its previous closing price of Rs. 13.51 per share.
Sharika Enterprises Limited has received a purchase order from LS Cable India Private Limited to supply 24F OPGW, valued at Rs. 1.14 crore. The order is domestic, will be completed within 4 weeks.
Shree Marutinandan Tubes Ltd
Shree Marutinandan Tubes Ltd (SMTL) is an Indian company, established around 2013, that started in steel pipe trading and has grown into a diversified provider of steel products and related solutions, offering Galvanized, ERW (round, square, rectangular), Black, and Solar Structural pipes, serving sectors like Agriculture, Infrastructure, and Energy, with plans to expand into machinery and other areas.
With a market capitalization of Rs. 30.79 crores on Thursday, the shares of Shree Marutinandan Tubes Ltd jumped upto 6.2 percent, reaching a high of Rs. 89.00 per share compared to its previous closing price of Rs. 83.80 per share.
Shree Marutinandan Tubes Limited has received a work order worth Rs. 15.56 lakh (including taxes) from Mehta & Associates Fire Protection Systems Pvt Ltd. The project, located in Vindhyachal, Madhya Pradesh, involves supplying fire detection items at the site and is expected to be completed within 90 days.
Written By Sridhar J
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