Ashoka Buildcon share price gains 3% on Uttar Pradesh project win
The stock touched a 52-week high of Rs 155 and 52-week low of Rs 89.85 on May 30 and September 5, respectively
November 29, 2019 / 10:25 AM IST
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Shares of Ashoka Buildcon gained over three percent in early trade on November 29 after the company received a letter of award (LoA) from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA).
The company in a release said it has received a LoA from UPEIDA for development of Bundelkhand Expressway Project in Uttar Pradesh on an EPC basis. The accepted bid value of the project is Rs 1,079.52 crore.
At 10:22 hours, the counter was quoting at Rs 98.10, up Rs 3.10, or 3.26 percent on the NSE. The stock touched a 52-week high of Rs 155 and 52-week low of Rs 89.85 on May 30 and September 5, respectively. Currently, it is trading 37.65 percent below its 52-week high and 7.57 percent above its 52-week low.