Ashoka Buildcon rallied 2.81% to Rs 80.05 after the company announced that it has received notification of award for a project in Bihar for Rs 366.67 crore from North Bihar Power Distribution Company (NBPDCL).

Ashoka Buildcon gains on project win of Rs 367-cr

Ashoka Buildcon has secured an order from North Bihar Power Distribution Company Ltd for the development of distribution infrastructure at Muzaffarpur Electric Supply Circle of Bihar

Ashoka Buildcon rises on winning Rs 366.67 crore-order

Mahanagar Gas shares rose 7.21% to Rs 972 against the previous close of Rs 906.60 on BSE. The stock opened 2.14% higher at Rs 926 today.

Mahanagar Gas shares hit 52-week high on acquisition of Ashoka Buildcon’s gas arm

MGL to acquire Ashoka Buildcon's gas arm Unison Enviro. What is the rationale behind the acquisition? Ashu Shinghal of MGL explains."Unison's volume is at 1 lakh SCM/day. Unison is in the phase of infrastructure development. Expects Rs 2,000 cr revenue through Unison in 7-8 years; Expect volumes to jump up substantially over next 7-8 years," says Ashu Shinghal of MGL. Watch the complete video now to know more details.
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MGL To Acquire Unison Enviro For Rs 531 Crore | Ashu Shinghal | ET NOW

Mahanagar Gas Ltd has announced acquisition of city gas distribution company Unison Enviro Private Limited (UEPL) for Rs 531 crore. UEPL is a subsidiary of Ashoka Buildcon.

Mahanagar Gas hits 52-week high on Unison Enviro acquisition, Ashoka Buildcon up 3%

CAMS, HAL, ITC, Neogen Chem, Info Edge, Adani Power, Bajaj Electricals, Krsnaa Diagnostics, Hindustan Adhesives, Ashoka Buildcon, Mahanagar Gas, Vardaman Textiles, Orchid Pharma, Kansai Nerolac, Zydus Life, Power Grid, Sumitomo Chemical

Stocks that will see action on March 6, 2023

Stocks to Watch: Mahanagar Gas has entered into a pact to acquire Unison Enviro, a subsidiary of Ashoka Buildcon, for Rs 531 crore

Stocks to Watch: Power Grid, HDFC, Mahanagar Gas, Naukri, IEX, Zydus Life

Stocks to watch before going into trade today.

Stocks To Watch: HDFC, Ashoka Buildcon, Mahanagar Gas, Vakrangee, Nerolac, Easy Trip Planners

Ashoka Buildcon to sell subsidiary- Unison Enviro to Mahanagar Gas

This acquisition will enable MGL, which is a subsidiary of gas major Gail, to expand into these five new markets. Currently it has licence to sell natural gas only in Mumbai metropolitan region and also in the neighbouring Raigad district.

Mahanagar Gas to acquire Ashoka Buildcon’s city gas arm Unison Enviro

HDFC Securities is bullish on Ashoka Buildcon has recommended buy rating on the stock with a target price of Rs 131 in its research report dated February 13, 2023.

Buy Ashoka Buildcon; target of Rs 131: HDFC Securities

Hasn't faired well - amongst the low performers

Performance

Undervalued compared to the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

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.