Ashoka Buildcon gains 4% on securing orders worth Rs 755 cr

The company was awarded projects worth Rs 754.60 crore from the Madhya Pradesh PoorvKshetra Vidyut Vitaran company for supply, installation, testing and commissioning of new 11 KV lines in Balaghat.

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SI Reporter Mumbai
Shares of Ashoka Buildcon hit an over three-month high at Rs 91.85, gaining 4 per cent on the BSE in Thursday’s intra-day trade in an otherwise weak market after the company won an order worth of Rs 755 crore. The stock of civil construction company was trading at its highest level since September 12, 2022.

At 11:10 AM; the stock traded 1 per cent higher at Rs 89.15 on the BSE. In comparison, the S&P BSE Sensex was down 0.56 per cent at 60,570. In past one month, the stock has rallied nearly 20 per cent, as compared to 3.4 per cent decline in the Sensex.

First Published: Dec 29 2022 | 11:26 AM IST

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