Ashoka Buildcon soars on securing LoAs for three projects from MMRDA
Ashoka Buildcon is currently trading at Rs. 245.00, up by 8.25 points or 3.48% from its previous closing of Rs. 236.75 on the BSE.
The scrip opened at Rs. 243.00 and has touched a high and low of Rs. 247.00 and Rs. 240.00 respectively. So far 315256 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. 119.40 on 09-Oct-2023.
Last one week high and low of the scrip stood at Rs. 247.00 and Rs. 222.50 respectively. The current market cap of the company is Rs. 6881.93 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 Letters of Award (LoAs) for three projects from Mumbai Metropolitan Region Development Authority (MMRDA).
The company has received Letter of Award worth Rs 474.10 crore plus applicable GST for Design and Construction of Elevated Road from Kalyan-Murbad Road (Palms Water Resort) to Badlapur Road (Jagdish Dughdhalaya) to Pune Link Road parallel to Waldhuni River Crossing Over Karjat- Kasara Railway Line Including Slip Road.
The company has also bagged LoA worth Rs 288.18 crore plus applicable GST for Design and Construction of Creek Bridge from Kolshet to Kalher and LoA worth Rs 975.58 crore plus applicable GST for Design and Construction of Creek Bridge from Gaimukh to Payegaon.
Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis.
