India's Ashoka Buildcon up on railway project win

Ashoka Buildcon

03/04/2023 07:38

** Shares of Ashoka Buildcon  ABDL.NS  rise as much as 2.84%
to 76.10 rupees, its highest since March 24
    ** Infrastructure firm on Friday received letter of
acceptance from Ministry of Railways for a project with contract
value of 2.85 bln rupees ($34.6 mln)
    ** About 267,000 shares change hands as of 11:55 a.m. IST,
0.4x the 30-day avg - Refinitiv data
    ** Average rating of 11 brokerages close to equivalent of
'strong buy,' with median PT of 130 rupees - Refinitiv Data


($1 = 82.4150 Indian rupees)

 (Reporting by Nishit Navin in Bengaluru)
 ((Nishit.Navin@thomsonreuters.com ;))