Artson Engineering reverses intraday gains in volatile trade triggered by new order win

Artson Engineering fell 1.47% to Rs 53.70 at 10:42 IST on BSE, after the company received a purchase order for fabrication and supply of steel structures for a steel plant for an estimated order value of Rs 10.77 crore.

The company announced the new order win after market hours on Friday, 4 December 2015.

Meanwhile, the BSE Sensex was down 25.35 points, or 0.1%, to 25,612.76

On BSE, so far 2,799 shares were traded in the counter as against an average daily volume of 15,670 shares in the past one quarter.

The stock was volatile. The stock rose as much as 4.22% at the day's high of Rs 56.80 so far during the day. The stock fell as much as 6.05% at the day's low of Rs 51.20 so far during the day. The stock had hit a 52-week low of Rs 24.05 on 10 June 2015. The stock had hit a 52-week high of Rs 64.75 on 2 December 2015.

The stock had outperformed the market over the past one month till 4 December 2015, rising 17.97% compared with 3.45% decline in the Sensex. The scrip also outperformed the market in past one quarter, surging 42.67% as against Sensex's 1.73% rise.

The small-cap company has an equity capital of Rs 3.69 crore. Face value per share is Re 1.

Artson Engineering reported net profit of Rs 0.21 crore in Q2 September 2015, as compared with net loss of Rs 0.32 crore in Q2 September 2014. Net sales rose 59.9% to Rs 25.69 crore in Q2 September 2015 over Q2 September 2014.

Artson Engineering is a project engineering company. It offers multi-disciplinary design and construction services in the mechanical, civil, electrical and instrumentation fields. It offers turnkey services in petroleum storage and handling systems, plant utilities, diesel power houses, CPP, energy conservation, waste-heat recovery and noise pollution control systems.

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