Ashoka Buildcon said that it has emerged as the lowest bidder for two projects floated by Mumbai Metropolitan Region Development Authority (MMRDA) worth Rs 1,280.8 crore.

Ashoka Buildcon declared as L-1 bidder by MMRDA for projects worth Rs 1,281 crore

The uptick in the share price came after the company announced that it has emerged as the lowest bidder (L-1) for two projects from Mumbai Metropolitan Region Development Authority (MMRDA).

Ashoka Buildcon gains on emerging lowest bidder for two projects from MMRDA

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1. Design and construction of creek bridge from Kolshet to Kalher. The company’s bid price is Rs 289.60 crore.

Ashoka Buildcon successfully bids for MMRDA project worth Rs 1280.8 cr

Equitas Small Finance Bank Ltd, Laxmi Organic Industries Ltd, Latent View Analytics Ltd and Ashoka Buildcon Ltd are among the other losers in the BSE’s ‘A’ group today, 29 July 2024.

Spandana Sphoorty Financial Ltd leads losers in ‘A’ group

The company’s order book, as of March 2024, stood at ~Rs 117 billion

Ashoka Buildcon Q4 Results Review - Maintain Positive Outlook: Nirmal Bang

The company holds a portfolio of 17 construction projects, with 11 HAM projects.

Ashoka Buildcon Q3 Results Review - Growth Backed By A Diversified Portfolio: Nirmal Bang

Ashoka Buildcon’s asset monetisation for nine hybrid annuity mode project is in advance stage and share purchase agreement is expected by FY24E.

Ashoka Buildcon - Awaiting Asset Monetisation: IDBI Capital

In a regulatory filing with the exchanges, the company stated that it has secured an order for electricity distribution-related projects in Yavatmal, Nashik Urban, Latur, and Osmanabad circles.

Ashoka Buildcon stock gains on Rs 646 crore order-win from Maharashtra Electricity Board

Margin was impacted from one time provision and adjusted Ebitda margin stood at 8% (in-line with estimate).

Ashoka Buildcon Q1 Results Review - Pressure On Margin Until Q4: IDBI Capital

Analysing Ashoka Buildcon’s recent price movements, we observe a breakout from a sideways trend, hinting at a positive outlook. With a valid support at ₹92 and a potential retest of ₹107, consider buying around ₹93, setting an initial stop-loss at ₹84, and aiming for profits at ₹105. Capitalising on…

Technical Analysis: Ashoka Buildcon, Bata India and Carborundum Universal

Price return has been average, nothing exciting

Performance

Can be considered moderately valued vs the market

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Ashoka Buildcon Limited is a infrastructure development company. The Company is engaged in construction and maintenance of roads, and supporting services to land support-operation of toll roads and others.