Mumbai, January 23: (Udaipur Kiran). Shares of Ashoka Buildcon moved higher in early trade on Thursday after the company secured a Letter of Acceptance (LoA) worth ₹307.71 crore (excluding GST).
The stock was trading at ₹145.95 on the BSE, up ₹1.25 or 0.86 per cent from its previous close of ₹144.70. It opened at ₹149.25 and touched an intraday high of ₹151.35 and a low of ₹145.55. A total of 63,496 shares were traded on the counter during the session.
The company received the LoA from the Executive Engineer, Public Works Department, Work Division-1, Moti Daman. The order involves the construction of a proposed signature bridge connecting the Jampore Sea Front Road near the Lighthouse to the Devka Sea Front Road at Parkota Sheri in Daman. The project will be executed on a design-and-build basis and is scheduled for completion within 30 months.
Ashoka Buildcon’s stock has a 52-week high of ₹275.90, recorded on January 23, 2025, and a 52-week low of ₹139.95, touched on January 21, 2026. The company’s market capitalisation currently stands at ₹4,099.96 crore.
Promoters hold a 54.48 per cent stake in the company, while institutional and non-institutional investors own 21.90 per cent and 23.62 per cent, respectively.
Ashoka Buildcon is engaged in the development, construction and operation of roads and bridges across India, primarily under the build-operate-transfer (BOT) model.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
