The rise in Ashoka Buildcon share price came after the company announced that it has emerged as lowest bidder for project of Rs 478 crore from Mumbai Metropolitan Region Development Authority (MMRDA).
Ashoka Buildcon stock update: The stock had gained over 4 per cent in intra-day deals; but soon pared gains. Total income increased by 22 per cent in Q1FY25.
The uptick in the share price came after the company announced that it has emerged as the lowest bidder (L-1) for two projects from Mumbai Metropolitan Region Development Authority (MMRDA).
The surge came after the company bagged two orders worth Rs 2,150 crore from Maharashtra State Road Development Corporation Ltd (MSRDC)