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

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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

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

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.┬а

Market cap of the firm rose to Rs 2,577 crore on BSE. On NSE, the stock touched an intra day high of Rs 98.75 rising 11.14% against previous close of Rs 88.85. The share opened at Rs 93.95 today.

” …. received a Letter of Award (LOA) from Gujarat Rail Infrastructure Development Corporation (G-RIDE) for the project – Gauge Conversion of Bechraji – Ranuj section, with 25 KV AC electrification in Ahmedabad division of Western Railway,” the company said .

The accepted project cost is Rs 333.625 crore.

The share hit a fresh 52-week high of Rs 118.60 on February 17, 2021 and a 52-week low of Rs 48.65 on May 29, 2020. It trades 18.89 percent below its 52-week high and 97.74 percent above its 52-week low.

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