Introduction:
Infra stock has secured a ₹1,391 crore project from NHAI to develop a 4-lane Economic Corridor in West Bengal. The project, under Hybrid Annuity Mode, is set for completion in 910 days. This move strengthens the company’s position in the infrastructure sector.
Share Price movement of Ashoka Buildcon Limited:
On November 26, 2024, Ashoka Buildcon Limited (NSE: ASHOKA) stock opened at ₹240.55, reaching a high of ₹244.80 and a low of ₹238.50. The current price stands at ₹241.00, marking a 3.56% rise from the previous close, reflecting strong investor sentiment with a market cap of ₹6,776.66 crore.
Ashoka Buildcon Limited share price rise After NHAI order:
Ashoka Buildcon Limited has received a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for a major project. The accepted bid for the development of a 4-lane Economic Corridor in West Bengal, from Bowaichandi to Guskara-Katwa Road, is valued at ₹1,391 crore (excluding GST).
The project is under the Hybrid Annuity Mode and has a completion timeline of 910 days, including the monsoon season. This announcement follows a previous disclosure on November 18, 2024, and is made in compliance with SEBI’s regulations on material events.
Ashoka Buildcon’s participation in the project reflects its ongoing efforts to expand its infrastructure footprint. The company continues to maintain strong relationships with government bodies such as NHAI, further enhancing its credibility in the domestic construction sector.
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Recent news About Ashoka Buildcon Limited:
Ashoka Buildcon Limited held its Q2 FY25 earnings call, discussing strong industry growth and infrastructure investments. The company highlighted key projects, including ₹5,718 crore divestment and upcoming projects valued over ₹2,000 crore. These efforts support its expansion and profitability.
Stock performance of Ashoka Buildcon Limited for Period of 1 week, 6 months and 1 year:
Over the past week, Ashoka Buildcon Limited’s stock declined by 0.48%. However, it has shown significant growth over the past six months with a 29.4% increase, and an impressive 73.9% return over the last year, reflecting strong long-term performance.
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Shareholding pattern of Ashoka Buildcon Limited:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 54.48 | 54.48 | 54.48 |
| FII | 7.95 | 7.63 | 7.23 |
| DII | 17.79 | 19.32 | 17.63 |
| Retail & others | 19.8 | 18.57 | 20.66 |
About Ashoka Buildcon Limited:
Ashoka Buildcon Limited is a leading infrastructure company specializing in road, highway, and bridge construction. It focuses on urban infrastructure and public-private partnership projects, with strong involvement in the transportation sector.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
