Artson Eng up 5.5%

Artson Engineering announced Friday evening that it has received purchase order for Rs.43 crore. from Kutch Copper Limited (100% subsidiary Adani Enterprises Limited).

The order is to be executed in 11 months.

The order is for Manufacture & Supply of 10 Nos. Gas to Gas Heat Exchangers and caters to domestic market.

The company is scheduled to announce its Q2FY23 performance on Monday.

The stock is in the green today; rising 5.5% to an intraday high at Rs.95.90, not too far from its 10% UC of the day at Rs.99.65. Its 52-week high is at Rs.150.90.