{"id":3629,"date":"2024-08-26T10:27:39","date_gmt":"2024-08-26T04:57:39","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=3629"},"modified":"2024-08-26T10:27:39","modified_gmt":"2024-08-26T04:57:39","slug":"ashoka-buildcon-shares-rise-3-after-securing-%e2%82%b9478-crore-project-from-mmrda","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/ashoka-buildcon-shares-rise-3-after-securing-%e2%82%b9478-crore-project-from-mmrda\/","title":{"rendered":"Ashoka Buildcon Shares Rise 3% After Securing \u20b9478 Crore Project from MMRDA"},"content":{"rendered":"\n

Ashoka Buildcon’s share price surged over 3% in early trading on August 26, 2024, after the company was awarded a project worth \u20b9478 crore by the Mumbai Metropolitan Region Development Authority (MMRDA).<\/p>\n\n\n\n

On the Bombay Stock Exchange (BSE), the stock was trading at \u20b9 239.85 at 09:21 AM, with an increase of \u20b9 7.45 or 3.21%.<\/p>\n\n\n\n

The Company was emerged as the lowest bidder in the EPC work of design and construction of an elevated road from Kalyan-Murbad Road (Palms Water Resort) to Badlapur Road (Jagdish Dughdhalaya) to Pune Link Road. The works also include the construction of a slip road and crossing of the Karjat-Kasara railway line over Waldhuni River. The total time under which the project would be completed including the monsoon period is 36 months.<\/p>\n\n\n\n

In the quarter ending June 2024, Ashoka Buildcon reported a significant 148% increase in its net profit, reaching \u20b940.78 crore, compared with the last year’s figure of \u20b916.44 crore.<\/p>\n\n\n\n

It is important to note that ICICI Securities has recently given an ‘reduce’ rating on the stock with a target price of \u20b9215. However, this new project win, along with two other projects worth \u20b91,280 crore from MMRDA earlier this month, signals positive momentum for the company.<\/p>\n\n\n\n

Do you have a news tip for Lakshmishree reporters? Please email us at <\/em>media@lakshmishree.com<\/p>\n\n\n\n

Source:\u00a0Moneycontrol<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

Ashoka Buildcon’s share price surged over 3% in early trading on August 26, 2024, after the company was awarded a project worth \u20b9478 crore by the Mumbai Metropolitan Region Development Authority (MMRDA). On the Bombay Stock Exchange (BSE), the stock was trading at \u20b9 239.85 at 09:21 AM, with an increase of \u20b9 7.45 or […]<\/p>\n","protected":false},"author":1,"featured_media":3630,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[285],"class_list":["post-3629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-ashoka-buildcon-project-from-mmrda"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=3629"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3629\/revisions"}],"predecessor-version":[{"id":3631,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3629\/revisions\/3631"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/3630"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=3629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=3629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=3629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}