Conart Engineers stock skyrockets 11% after receiving work order of Rs20cr from Vasu Healthcare

13 Jan 2022 , 09:33 AM

Conart Engineers Limited has received a work order from Vasu Healthcare Private Limited, Vadodara for the construction of the New Pharma Plant at GIDC Manjusar, Savli, Dist. Vadodara, Gujarat, India.

The approximate value of the project is Rs20cr (depends on any changes in the final layout plan and extra work, if any), the company said in a filing on Wednesday.

The company stock was in demand during early trade on Thursday. At around 9.36 AM, Conart Engineers Ltd was trading at Rs44.90 per share up by Rs4.65 or 11.55% from its previous closing of Rs40.25 per share on the BSE.

The scrip opened at Rs45 and has touched a high and low of Rs47.90 and Rs42.85 respectively.