Ashoka Buildcon surges on getting LoA from National Highways Authority of India
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Ashoka Buildcon is currently trading at Rs. 241.50, up by 8.40 points or 3.60% from its previous closing of Rs. 233.10 on the BSE.
The scrip opened at Rs. 240.55 and has touched a high and low of Rs. 244.80 and Rs. 238.50 respectively. So far 316053 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. 130.95 on 21-Dec-2023.
Last one week high and low of the scrip stood at Rs. 244.80 and Rs. 228.40 respectively. The current market cap of the company is Rs. 6782.27 crore.
The promoters holding in the company stood at 54.48%, while Institutions and Non-Institutions held 25.75% and 19.78% respectively.
Ashoka Buildcon has received Letter of Award (LoA) from National Highways Authority of India (NHAI). The LoA is for development of 4 lane economic corridor from Bowaichandi to Guskara-Katwa Road Section Km 89.814 to Km 133.000 of NH 116A (Package-3) in the state of West Bengal under Hybrid Annuity Mode.
The project is to be executed within 910 days including monsoon. The accepted bid project cost for the project is Rs 1,391 crore excluding GST.
Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basi
