Ashoka Buildcon is currently trading at Rs. 65.10, up by 2.50 points or 3.99% from its previous closing of Rs. 62.60 on the BSE.
The scrip opened at Rs. 63.75 and has touched a high and low of Rs. 67.60 and Rs. 62.50 respectively. So far 6923 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 83.32 on 13-May-2013 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. 67.60 and Rs. 55.05 respectively. The current market cap of the company is Rs. 1042.49 crore.
The promoters holding in the company stood at 67.59% while Institutions and Non-Institutions held 17.86% and 14.56% respectively.
Ashoka Buildcon has received Letter of Acceptance (LoA) for the Project viz. collection of user fee through fee collecting agency on the basis of competitive bidding at Kognoli Toll Plaza located at Km 591.300 for the section from Maharashtra Border - Belgaum (Km. 537.000 to Km. 592.240) of NH - 4 in the State of Karnataka from National Highways Authority of India (NHAI).
The estimated value of the contract is Rs 24.09 crore and the company has been engaged by NHAI to collect user fee for the period of 1 year.
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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