Shares of Ashoka Buildcon, a Mumbai-based development firm, rose as a lot as 10.73% to an intraday excessive of 98.50. After receiving a Letter of Award (LOA) from Gujarat Rail Infrastructure Growth Company, Ashoka Buildcon’s inventory rose.
In keeping with Ashoka Buildcon, the venture’s accepted price is Rs 333.625 crore.
On February 17, 2021, the inventory hit a 52-week excessive of Rs 118.60, and on Might 29, 2020, it hit a 52-week low of Rs 48.65. It’s presently buying and selling at 97.74% above its 52-week low and 18.89% beneath its 52-week peak.
Gujarat Rail Infrastructure Growth Company Restricted (G-RIDE) has awarded Ashoka Buildcon a contract to transform the Bechraji-Ranuj phase from metre gauge to broad gauge for a complete size of 38.15 kilometres.
The railway line may also be electrified with 25 KV AC energy as a part of the scheme. In keeping with Ashoka Buildcon, the venture is managed by Western Railways’ Ahmedabad division.
At 1.18 pm IST, Ashoka Buildcon was quoting at Rs 93.10, up Rs 4.25 or 4.78%, on the BSE. Ashoka Buildcon shares opened for buying and selling at Rs 92.50 on Nationwide Inventory Alternate. It touched an intra-day excessive of Rs 98.50 through the commerce.
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