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Ashoka Buildcon soars 11% on order win from Gujarat Rail Infrastructure


Shares of Ashoka Buildcon jumped 11 per cent to Rs 98.50 on the BSE in intra-day trade on Friday, after the company received a letter of award (LOA) from Gujarat Rail Infrastructure Development Corp (G-RIDE).
The LOA is for the project Gauge conversion of Bechraji (63.83 KM) - Ranuj (101.983 KM) Section, total length of 38.1 km metre gauge to broad gauge with 25 KV AC electrification in Ahmedabad. The accepted project cost is Rs 333.625 crore, Ashoka Buildcon said in a exchange filing.
At 11:13 am; the stock was trading 8 per cent higher at Rs 96 on the BSE, as compared to 0.38 per cent rise in the S&P BSE Sensex. The trading volume more-than-doubled with a combined 4.4 million equity shares changed hands on the NSE and BSE. It had hit a 52-week high of Rs 118.65 on February 17. ....

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Stocks in news: Wipro, Tata Steel, Vodafone Idea, Ashoka Buildcon and more


Stocks in news: Wipro, Tata Steel, Vodafone Idea, Ashoka Buildcon and more
Stocks in news: Wipro, Tata Steel, Ashoka Buildcon, Vodafone Idea, and more
BusinessToday.In | April 16, 2021 | Updated 09:25 IST
Stocks to watch today: Wipro, Tata Steel, Ashoka Buildcon, Vodafone Idea, IL&FS, Dabur India and more
Indian equity market is likely to open flat today. On Thursday, benchmark indices managed to close higher in a highly volatile session led by gains in banking and metal stocks. After moving 877 points during the session, Sensex ended 259 points higher at 48,803 and Nifty rose 76.65 points to 14,581.45.
Wipro: The firm reported a 27.7 per cent year-on-year (YoY) rise in its consolidated net profit at Rs 2,972.3 crore in Q4. Sequentially, the company s net profit declined 0.8 per cent from Rs 2,997.8 crore in December quarter. ....

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Ashoka Buildcon share rises 11% after firm wins project from Gujarat Rail Infrastructure


Ashoka Buildcon share rises 11% after firm wins project from Gujarat Rail Infrastructure
Ashoka Buildcon stock opened with a gain of 3.99% today at Rs 92.50. It touched an intraday high of Rs 98.5, rising 10.74% against previous close of Rs 88.95 on BSE
BusinessToday.In | April 16, 2021 | Updated 16:30 IST
Ashoka Buildcon share trades higher than 200 day moving averages but lower than 5 day, 20 day, 50 day and 100 day moving averages.
Share of Ashoka Buildcon rose over 11 percent today after the company received a Letter of Award (LOA) from Gujarat Rail Infrastructure Development Corporation.
The stock opened with a gain of 3.99% today at Rs 92.50. It touched an intraday high of Rs 98.5 rising 10.74% against previous close of Rs 88.95 on BSE. Ashoka Buildcon share trades higher than 200 day moving averages but lower than 5 day, 20 day, 50 day and 100 day moving averages. The stock has risen 50% in one year and lost 0.65% since the beginning of this year.  ....

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