Ashoka Buildcon gains on bagging LoA from G-RIDE
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Ashoka Buildcon is currently trading at Rs. 95.75, up by 6.80 points or 7.64% from its previous closing of Rs. 88.95 on the BSE.
The scrip opened at Rs. 92.50 and has touched a high and low of Rs. 98.00 and Rs. 92.50 respectively. So far 51237 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 118.65 on 17-Feb-2021 and a 52 week low of Rs. 48.70 on 29-May-2020.
Last one week high and low of the scrip stood at Rs. 97.40 and Rs. 85.15 respectively. The current market cap of the company is Rs. 2497.03 crore.
The promoters holding in the company stood at 54.48%, while Institutions and Non-Institutions held 31.40% and 14.1 % respectively.
Ashoka Buildcon has received a Letter of Award (LoA) from Gujarat Rail Infrastructure Development Corporation (G-RIDE) for the Project viz ‘Gauge Conversion of Bechraji (63.83 KM) - Ranuj (101.983 KM) Section, Total Length of 38.153 KM Metre Gauge to Broad Gauge with 25 KV AC Electrification in Ahmedabad Division of Western Railway’. The accepted project cost is approximately Rs 334 crore.
Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis. It currently operates one of the highest numbers of toll-based BOT projects in India.
