Ashoka Buildcon Hikes 8 Percent as Company Emerges the Lowest Bidder for Karnataka Project

The shares of Ashoka Buildcon gained 8 percent higher on Thursday after co emerged as the lowest bidder for the Karnataka Project. The subsidiary of a company named Ashoka Concessions emerged as one of the lowest bidders by NHAI (National Highways Authority of India) for the project viz.

The quoted bid for the project VIZ is INR 1,3882 crore. The share reached its 52-week high INR 196.61 & 52-week low INR 93.15 on April 30, 2018, & October 1, 2018 respectively.

The share of Ashoka Buildcon was quoting INR 121.20 up INR 9.25 or 8.26%.

About Ashoka Buildcon:

Ashoka Buildcon is one of the finest construction contractors in the civil sector. The market capitalization of the company is INR 3,400.96 crore. Currently, it has around 36 projects in its portfolio. Ashoka Buildcon has worked in 20+ states across India.

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