 "road construction, highway construction")
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
