Ashoka Buildcon is currently trading at Rs. 95.50, up by 1.75 points or 1.87% from its previous closing of Rs. 93.75 on the BSE.
The scrip opened at Rs. 91.35 and has touched a high and low of Rs. 98.45 and Rs. 91.35 respectively. So far 4,979 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 108.00 on 10-Apr-2014 and a 52 week low of Rs. 41.30 on 06-Aug-2013.
Last one week high and low of the scrip stood at Rs. 108.00 and Rs. 73.05 respectively. The current market cap of the company is Rs. 1,508.00 crore.
The promoters holding in the company stood at 67.59% while Institutions and Non-Institutions held 17.93% and 14.48% respectively.
Ashoka Buildcon has received letter from Government of Tamil Nadu, Highways and Minor Ports Department regarding declaration of achievement of financial closure for development of Chennai Outer Ring Road Phase II from Nemilicheri in NH 205 To Minjur in Thiruvottiyur - Ponneri - Panchetti (TPP) Road on design, build, finance, operate and transfer (DBFOT) annuity basis at Chennai, in the state of Tamil Nadu.
The said project will be executed by Special Purpose Vehicle (SPV) GVR Ashoka Chennai ORR at a total project cost of Rs 1,440 crore and having a concession period of 20 years.
Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis. It currently operates one of the highest numbers of toll-based BOT projects in India.
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