"The company is in receipt of Letters of Intent from Jharkhand Bijli Vitran Nigam Ltd (JBVNL), for the projects viz. execution of urban electrification works for Ranchi and Medininagar towns in the state of Jharkhand and electric supply area covering 12 towns in Jharkhand under Integrated Power Development Scheme (IPDS)," Ashoka Buildcon said in a BSE filing.
The aggregate value of the work is Rs 282.73 crore.
According to Ashish Kyal of Waves Strategy Advisors, one may buy Gujarat Fluorochemicals with a target of Rs 765.
Ashish Kyal of Waves Strategy Advisors advises buying Indian Oil Corporation with a target of Rs 456.
Sumeet Jain of Destimoney Securities is of the view that one may buy Gujrat Gas with a target of Rs 878.
Axis Direct recommended hold rating on Ashoka Buildcon with a target price of Rs 214 in its research report dated April 12, 2017.
In an interview to CNBC-TV18’s Latha Venkatesh, Sonia Shenoy and Anuj Singhal, Prakash Diwan, Market Expert at Altamount Capital Management shared his reading and outlook on the market and also gave recommendations on various stocks.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- Reliance Capital, Ashoka Buildcon, Bharti Airtel, Idea Cellular, MEP Infrastructure, Avenue Supermarts, and Adani Ports.
Investors bet on the company after it received an order from Mumbai International Airport to develop land parcels around it. The firm will pay a refundable security deposit of Rs 329.35 crore for the same
Kunal Saraogi of Equityrush is of the view that one may buy Ashoka Buildcon with a target of Rs 216.
Mitessh Thakkar of miteshthacker.com suggests buying Karnataka Bank, Maruti Suzuki and Ashoka Buildcon while advises selling Infosys and Hero MotoCorp.
"The companys subsidiary viz Ashoka Concessions Ltd (ACL) has received letter of award from National Highways Authority of India (NHAI) ... for six laning of Ranastalam to Anandpuram (Visakhapatnam) section of NH 5 (new NH 16) in Andhra Pradesh," Ashoka Buildcon said in a regulatory filing to the BSE.
Ashwani Gujral of ashwanigujral.com suggests buying Ashoka Buildcon and Petronet LNG and advises selling PNB.
Infosys | Tata Power | Ambuja Cements | Siemens | Glenmark Pharma | Granules | Nestle | IDBI Bank | Mahindra & Mahindra | Indo Gulf | Gammon India | REC and Ashok Buildcon are stocks, which are in the news today.
SBI-Macquarie Infra Fund is looking to exit Ashoka Buildcon's subsidiary Ashoka Concessions Limited (ACL) and the process has already begun, said Paresh Mehta, CFO of Ashoka Buildcon.
Finance Minister Arun Jaitley has given a big push to infrastructure in the Union Budget. In an exclusive interview with Moneycontrol's Malini Bhupta, the managing director of Ashoka Buildcon, Satish Parakh, said a lot more needs to be done to achieve the 40 km/day target set by the roads ministry.
Lots of stocks from auto, FMCG, housing, banks to infra sectors participated in today's relief rally led by Union Budget 2017 but technology stocks (TCS down 2.7 percent and Infosys down 1.4 percent) continued to get butchered due to HI-B visa woes.
Axis Direct is bullish on Ashoka Buildcon has recommended buy rating on the stock with a target price of Rs 214 in its research report dated January 31, 2017.
The contract value of the project is Rs 116.72 crore.
"The company has received a letter of award for the project viz. turnkey contracts for providing APL Service Connection with LT line extension under the state plan in 7 circles under the jurisdiction of North Bihar Power Distributions Co Ltd," Ashoka Buildcon said in a BSE filing.
Highways sector player Ashoka Buildcon said its net profit for the quarter ending December more than doubled to Rs 42.69 crore.
HDFC Securities is bullish on Ashoka Buildcon has recommended buy rating on the stock with a target price of Rs 220 in its research report dated January 24, 2017.
ICICI Direct is bullish on Ashoka Buildcon has recommended buy rating on the stock with a target price of Rs 190 in its research report dated January 25, 2017.
Edelweiss is bullish on Ashoka Buildcon has recommended buy rating on the stock with a target price of Rs 263 in its research report dated January 24, 2017.