Ashoka Buildcon soars on receiving LoA from Rail Vikas Nigam

Ashoka Buildcon soars on receiving LoA from Rail Vikas Nigam

by admin- Monday, December 10th, 2018 04:46:55 PM

Ashoka Buildcon is presently trading at Rs. 121.00, up via zero.Eighty factors or 0.Sixty seven% from its preceding last of Rs. 120.20 on the BSE.

The scrip opened at Rs. A hundred and twenty.80 and has touched a excessive and occasional of Rs. 127.35 and Rs. A hundred and twenty.10 respectively. So a ways 14083 stocks have been traded at the counter.

The BSE institution ‘A’ inventory of face value Rs. Five has touched a fifty two week excessive of Rs. 196.Seventy three on 30-Apr-2018 and a fifty two week low of Rs. 93.15 on 01-Oct-2018.

Last one week high and coffee of the scrip stood at Rs. 132.50 and Rs. 118.00 respectively. The modern-day marketplace cap of the company is Rs. 3374.29 crore.

The promoters conserving inside the company stood at fifty four.25%, while Institutions and Non-Institutions held 35.06% and 10.69% respectively.

Ashoka Buildcon has received Letter of Acceptance (LoA) from Rail Vikas Nigam, for the assignment of production of roadbed, bridges, supply of ballast, installation of track (excluding deliver of rails, and tune sleepers), electrical (General Electrification), Provision of OHE, Signaling and telecommunication works in reference to 3rd Line from Sonnagar to Garhwa Road in Dhanbad Division of East Central Railway within the states of Bihar and Jharkhand (Project) in 2 programs (Package 1 & Package 2).

The employer had bid the Project in Joint Venture with Story Tech Services LLC, wherein the agency is a lead member. The combination universal bid fee of the undertaking is Rs 794.20 crore.

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