India's Ashoka Buildcon rises as co's project bids accepted

Ashoka Buildcon

14/10/2024 05:09

** Shares of Ashoka Buildcon Ltd  ABDL.NS  jump 7.4% to
270.48 rupees 
    ** The infrastructure developer gets letters accepting bids
for three different projects
    ** ABDL and its joint ventures placed bids worth a combined
39.83 bln rupees ($474 mln) for the projects
    ** Stock rises as much as 8.2%
    ** Over 4.5 mln shares traded, 1.7x 30-day avg volume
    ** Stock has gained 92% so far this year

    ($1 = 84.0650 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))