Ashoka Buildcon soars on getting LoA worth Rs 310 crore
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Ashoka Buildcon is currently trading at Rs. 262.00, up by 10.20 points or 4.05% from its previous closing of Rs. 251.80 on the BSE.
The scrip opened at Rs. 266.05 and has touched a high and low of Rs. 272.00 and Rs. 261.55 respectively. So far 656993 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 284.75 on 06-Sep-2024 and a 52 week low of Rs. 120.90 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 272.00 and Rs. 228.05 respectively. The current market cap of the company is Rs. 7399.86 crore.
The promoters holding in the company stood at 54.48%, while Institutions and Non-Institutions held 26.96% and 18.56% respectively.
Ashoka Buildcon has received Letter of Acceptance (LoA) worth Rs 310.00 crore, excl. GST. for the project of Construction of Major Bridge across Bankot Creek between Kolmandla, District Raigad to Veshvi on Revas Reddi Costal Highway (SH (special) No. 5 in Ratnagiri District on EPC Mode in state of Maharashtra’. The said order is to be executed by 36 calendar months including Monsoon.
Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis.
