India's Ashoka Buildcon rises on JV order win

Ashoka Buildcon

11/12/2025 05:17

** Shares of Ashoka Buildcon ABDL.NS rise 1.3% to 167.18 rupees

** Indian highway developer, as part of JV with Adani unit and Aakshaya Infra Projects, wins order worth 18.16 bln rupees ($201.3 mln)

** 4 analysts covering stock rate it at "buy" or "strong buy", 4 rate it as "hold"; median PT is 214 rupees - LSEG data

** Stock down 46.96% YTD up to last close

(Reporting by Abhirami G in Bengaluru)

((abhirami.g@thomsonreuters.com))