Ashoka Buildcon jumps as its JV bags order from BMC
Ashoka Buildcon is currently trading at Rs. 168.50, up by 3.10 points or 1.87% from its previous closing of Rs. 165.40 on the BSE.
The scrip opened at Rs. 166.60 and has touched a high and low of Rs. 170.00 and Rs. 166.60 respectively. So far 58076 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 319.00 on 31-Dec-2024 and a 52 week low of Rs. 158.05 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 171.10 and Rs. 159.30 respectively. The current market cap of the company is Rs. 4745.63 crore.
The promoters holding in the company stood at 54.48%, while Institutions and Non-Institutions held 21.51% and 24.01% respectively.
Ashoka Buildcon’s joint venture (JV)--M/s Ashoka-Aakshaya JV has received Letter of Acceptance-cum-Work Order from Brihanmumbai Municipal Corporation (BMC) for the project of ‘Construction of Flyover connecting J.J. Bridge and Sitaram Selam Bridge (Y Bridge) at J. J. Road and Saboo Siddik Polytechnic Road Junction in ‘E’ Ward’. The accepted Bid Price for the Project is Rs 1,041.44 crore, including GST. The time period to complete the project is 24 months excluding monsoon period. The Ashoka-Aakshaya JV, in which Ashoka Buildcon holds a 51% being Lead Member and Aakshya Infra Projects holds 49%.
Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis.
