Ashoka Buildcon gains on getting LoA from CIDCO
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Ashoka Buildcon is currently trading at Rs.162.20, up by 0.60 points or 0.37% from its previous closing of Rs. 161.60 on the BSE.
The scrip opened at Rs. 161.25 and has touched a high and low of Rs. 165.00 and Rs. 159.75 respectively. So far 134540 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 167.95 on 19-Jan-2024 and a 52 week low of Rs. 71.30 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 167.95 and Rs. 150.95 respectively. The current market cap of the company is Rs. 4578.60 crore.
The promoters holding in the company stood at 54.48%, while Institutions and Non-Institutions held 24.23% and 21.28% respectively.
Ashoka Buildcon has received Letter of Acceptance (LoA) from City & Industrial Development Corporation of Maharashtra (CIDCO) for the Project viz. ‘Request for Proposal for Design and Construction of Stilt Bridge SBR - 9 for Eastern Connectivity for Navi Mumbai International Airport (NMIA) Project, Navi Mumbai. C.A. No. 02/CIDCO/EE(AP-III)/2023- 24’ (Project), in Joint Venture, where the Company is Lead Member of JV. The accepted contract value for the project is Rs 662.55 crore, excl. GST.
Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis.
