Indian highway builder Ashoka Buildcon at record high, gaining with IRB Infrastructure

IRB Infrastructure Developers

07/06/2024 10:17

** Shares of Ashoka Buildcon  ABDL.NS  surges 13.8% to a
record high of 212 rupees
    ** Fellow highway maker IRB Infrastructure  IRBI.NS  jumps
7% on reporting over 30% rise in toll collection for May
    ** ABDL last up ~12%, set for best one-day rise since Jan 9
and taking YTD gains to ~50%
    ** Trading vol tops 11 mln shares for first time since Jan 9
    ** IRB and Ashok Buildcon expected to benefit from 3%-5%
hike in road toll charges from last Monday

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))