Ashoka Buildcon surges on getting LoA from East Central Railway
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Ashoka Buildcon is currently trading at Rs. 76.45, up by 1.20 points or 1.59% from its previous closing of Rs. 75.25 on the BSE.
The scrip opened at Rs. 76.35 and has touched a high and low of Rs. 77.65 and Rs. 76.20 respectively. So far 38540 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 125.00 on 13-Oct-2021 and a 52 week low of Rs. 69.00 on 25-May-2022.
Last one week high and low of the scrip stood at Rs. 79.25 and Rs. 73.70 respectively. The current market cap of the company is Rs. 2158.76 crore.
The promoters holding in the company stood at 54.48%, while Institutions and Non-Institutions held 22.26% and 23.26% respectively.
Ashoka Buildcon has received Letter of Acceptance (LoA) from East Central Railway (ECR) for the Project viz. ‘Provision of Train Collision Avoidance System (KAVACH) along with two 24 Fiber OFC backbone in the sections between Pt. Deen Dayal Upadhyay (DDU) and Pradhankhunta (PKA) of the ECR (Tender No. Kavach-ECR-01). The accepted bid project cost for the project is Rs 208.89 crore and completion period is 24 months from the date of LoA.
Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis.
