Ashoka Buildcon share price extended the gains on fourth consecutive session, rising 4 percent in the early trade on April 23 following the company received Letter of Acceptance (LoA) from Central Railway for a project worth Rs 568.86 crore.
At 09:16 am, Ashoka Buildcon was quoting at Rs 206.00, up Rs 8.00, or 4.04 percent, on the BSE.
".... received LOA for the project including construction of earth work, major bridges, minor bridges, rubs, P. way work and miscellaneous civil works in connection with gauge conversion work from Pachora- Jamner (Approx. 53.3 Km) excluding Pachora Yard and Road Over Bridges," company said in its press release.
The said Engineering, Procurement and construction (EPC) contract is to be completed in 30 months.
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Earlier in this month, the company sold 51 percent of its shareholding (2,550 equity shares) held in Prakashmaan Renewable Energy to Sunbreeze Renewables for a consideration of Rs 1,98,00,000.
On March 10, the company received LoA from Maharashtra State Electricity Transmission Co (MSETCL) for a project of Rs 311.92 crore.
The share touched a 52-week high of Rs 319.00 and a 52-week low of Rs 158.05 on 31 December, 2024 and 07 April, 2025, respectively.
Currently, the stock is trading 35.42 percent below its 52-week high and 30.34 percent above its 52-week low.
The market capitalisation stands at Rs 5,782.90 crore.
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