{"id":130255,"date":"2024-08-05T13:56:13","date_gmt":"2024-08-05T08:26:13","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=130255"},"modified":"2024-08-05T14:22:13","modified_gmt":"2024-08-05T08:52:13","slug":"stock-jumps-3-after-emerges-as-the-lowest-bidder-for-projects-worth-1280-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-3-after-emerges-as-the-lowest-bidder-for-projects-worth-1280-cr\/","title":{"rendered":"Stock jumps 3% after emerges as the lowest bidder for projects worth \u20b9 1,280 Cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3948551334\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of the leading highway developer gained up to 3 percent after the company emerged as the lowest bidder for two projects worth Rs 1,280.80 crore.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3914916042\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 6,780.87 crore, the shares of <strong>Ashoka Buildcon Limited<\/strong> were trading at Rs 243.35 per share, decreasing around 3.57 percent as compared to the previous closing price of Rs 252.35 apiece.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Reason for rise:-&nbsp;<\/strong><\/h2><p>According to the company filing, Ashoka Buildcon Limited emerged as the lowest bidder for two projects worth Rs 1,280.80 crore from the Mumbai Metropolitan Region Development Authority for the Design and Construction of a Creek Bridge from Kolshet to Kalher and Gaimukh to Payegaon. The time for execution of this project is 42 months and 36 months respectively.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financial performance:-&nbsp;<\/strong><\/h2><p>Analyzing a company&#8217;s financial performance, revenue grew by 24 percent from Rs 2,448 crore in Q4FY23 to Rs 3,052 crore in Q4FY24, during the same period, the company\u2019s net profit grew by 664 percent from a loss of Rs 45 crore to a profit of 254 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4163949065\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Recent project &amp; order book:-&nbsp;<\/strong><\/h2><p>Recently, the business won a letter of award for the project Six Laning of Aurangabad to Bihar-Jharkhand Border (Chordaha), Section of NH-2 (PKG -1), in Bihar under Bharatmala on EPC basis for a total consideration of Rs. 520 crore.&nbsp;<\/p><p>As of March 31, 2024, the business had an order book of about Rs 11,000 crore. Ashoka Buildcon has completed a 14,000 km roadway and lit 30,000 villages through Power T&amp;D projects. The company&#8217;s clients include NHAI, Rail Vikas Nigam Ltd, and Ircon International Ltd, among others.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Remarkable Return:-&nbsp;<\/strong><\/h2><p>The company has given a return of 33.73 percent in six months and a multi-bagger return of 134.64 percent in a year. If an individual investment of Rs. 1 lakh in the company would be worth Rs. 2.34 lakh in a year.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company profile:-&nbsp;<\/strong><\/h2><p>Ashoka Buildcon Limited is engaged in the construction and maintenance of roads and supporting services to land support-operation of toll roads and others. The Company is also engaged in the construction of buildings, power, railways, and city gas distribution.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by:- Abhishek Singh<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-2464300063\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of the leading highway developer gained up to 3 percent after the company emerged as the lowest bidder for two projects worth Rs 1,280.80 crore.&nbsp; With a market capitalization of Rs 6,780.87 crore, the shares of Ashoka Buildcon Limited were trading at Rs 243.35 per share, decreasing around 3.57 percent as compared to [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":101688,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31,13525],"tags":[],"class_list":["post-130255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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