Contractors will now be given funds every month, rather than on the basis of the milestone achieved
Shares of Ashoka Buildcon moved higher by 15 per cent to Rs 99.25 on the BSE in intra-day trade on Monday on the back of heavy volumes on the expectation of a strong growth outlook. The stock of roads and highways company hit an over nine-month high, and was quoting at its highest level since February 22, 2020. It had touched a 52-week high of Rs 121.60 on January 22, 2020.
At 01:20 pm, Ashoka Buildcon was trading at Rs 98.20, up 13 per cent on the BSE, as compared to a 0.62 per cent rise in the S&P BSE Sensex. A combined 6.1 million equity shares changed hands on the NSE and BSE.
In the past one month, the stock has
First Published: Dec 07 2020 | 1:27 PM IST