Ashoka Buildcon jumps on getting LoI from Provident for Kalyan project

12 Aug 2022 Evaluate

Ashoka Buildcon is currently trading at Rs. 77.60, up by 1.45 points or 1.90% from its previous closing of Rs. 76.15 on the BSE.

The scrip opened at Rs. 75.85 and has touched a high and low of Rs. 78.30 and Rs. 75.85 respectively. So far 50668 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 125.00 on 26-Oct-2021 and a 52 week low of Rs. 69.00 on 25-May-2022.

Last one week high and low of the scrip stood at Rs. 78.60 and Rs. 74.50 respectively. The current market cap of the company is Rs. 2181.22 crore.

The promoters holding in the company stood at 54.48%, while Institutions and Non-Institutions held 22.26% and 23.26% respectively.

Ashoka Buildcon has received Letter of Intent (LoI) from Provident Housing (Provident) for project viz. 'Civil and Structural Finishes work for Provident Palmvista Residential Project, at Kalyan’ (Project). The accepted contract price for the project is Rs 254.50 crore excluding taxes. The construction period is 42 months from the commencement date.

Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis.

Ashoka Buildcon Share Price

74.30 0.55 (0.75%)
25-Nov-2022 18:01 View Price Chart
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