Ashoka Buildcon Ltd

(ASHOKA)

Ashoka Buildcon Shares Surge on Strong Q2 Results - 13 Nov, 2024

Ashoka Buildcon's stock rose 8% following a robust Q2FY25 report, showing a net profit increase of 334% to Rs 462 crore and a 15.5% revenue rise to Rs 2,489 crore. The company also reported significant EBITDA growth and a healthy order book.

Ashoka Buildcon Reports Strong Q2 Profit Growth - 12 Nov, 2024

Ashoka Buildcon Ltd announced a remarkable 334.27% year-on-year increase in net profit to ₹462.5 crore for Q2 FY25, with revenue rising 15.5%. Despite strong results, shares fell by 3.02% to ₹225.05.

ICICI Securities Upgrades Ashoka Buildcon to BUY - 06 Nov, 2024

ICICI Securities upgraded Ashoka Buildcon to BUY with a target price of Rs 311, citing strong financial positioning after the sale of BOT assets and a robust order book. Projected revenue growth and improving margins reinforce a positive outlook despite potential risks.

Ashoka Buildcon Upgraded to BUY by ICICI Securities - 05 Nov, 2024

ICICI Securities upgrades Ashoka Buildcon to a BUY rating with a target price of Rs 311/share, following a significant asset sale agreement and healthy order inflow.

Ashoka Buildcon Wins Major Substation Project Bid - 04 Nov, 2024

Ashoka Buildcon has emerged as the lowest bidder for a ₹312.13 crore project to establish a 400/220 kV substation in Amravati. The company also reported a significant rise in net profit and total income for Q1 FY25.

Ashoka Buildcon Secures ₹312 Crore Project Contract - 01 Nov, 2024

Ashoka Buildcon has been awarded a ₹312.13 crore contract by Maharashtra State Electricity Transmission Co. for a 400/220 kV substation in Amravati, to be completed in 18 months.

Ashoka Buildcon Acquires Stake in Concessions Subsidiary - 31 Oct, 2024

Ashoka Buildcon announced the acquisition of an additional 34% stake in Ashoka Concessions Ltd for Rs 1,526 crore, consolidating its position in highway projects. The stock surged nearly 7% following the announcement, reflecting strong investor confidence and robust financial performance.

Ashoka Buildcon Secures NHAI Project CoD Certificate - 29 Oct, 2024

Ashoka Buildcon Limited has received the Commercial Operations Date certificate for a 39.07 km stretch of its Hybrid Annuity Mode project under NHAI. This project, part of the BharatMala Pariyojana initiative, allows the company to receive annuity payments over a 15-year period starting September 15, 2024.

Ashoka Buildcon Wins Major BMC Infrastructure Contract - 16 Oct, 2024

Ashoka Buildcon has received a Letter of Acceptance from BMC for a ₹1,126.58 crore project to construct flyover arms on the Sion Panvel Highway, expected to boost connectivity. The company reported a significant profit increase in Q1 FY25.

Ashoka Buildcon Secures Major Contracts Boosting Stock - 15 Oct, 2024

Ashoka Buildcon Ltd has secured new contracts worth Rs 4,047.85 crore, increasing its order book to Rs 10,356 crore. The stock rose 2.26% to Rs 257.50, reflecting strong investor interest.