Ashoka Buildcon rose intra day to Rs.217.40, up 4.6% but it now at Rs.213, up some 2.4%. Its 52-week is at Rs.231.55 and low at Rs.127.
The market is happy with the news of today morning that it has received Letters of Intent from Jharkhand Bijli Vitran Nigam Limited (JBVNL). These are for two Projects viz. execution of Urban Electrification works for Ranchi and Medininagar Towns in the State of Jharkhand and Electric supply area covering 12 Towns in the State of Jharkahand under Integrated Power Development Scheme ('IPDS').
IPDS is the flagship program of Government of India, Ministry of Power and funded by Power Finance Corporation
The aggregate value of the above work is Rs. 283 crore.