Monday 12 August 2013

Ashoka Buildcon shines on being lowest bidder for contracts worth Rs 47.04 crore

Ashoka Buildcon is currently trading at Rs. 46.05, up by 0.40 points or 0.88% from its previous closing of Rs. 45.65 on the BSE.

The scrip opened at Rs. 44.00 and has touched a high and low of Rs. 47.05 and Rs. 43.35 respectively. So far 1,589 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 93.04 on 13-Aug-2012 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. 51.50 and Rs. 41.30 respectively. The current market cap of the company is Rs. 727.00 crore.

The promoters holding in the company stood at 67.52% while Institutions and Non-Institutions held 18.46% and 14.02% respectively.

Ashoka Buildcon has emerged as the lowest bidder at the price bid opening meeting dated August 07, 2013 for HVDS scheme under O&M Division Akaltara in state of Chhattisgarh, aggregating to Rs 47.04 crore from MSEDCL.

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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