Ashoka Buildcon opened with a positive gap and soon rose almost 11% to hit an intraday high at Rs.98.5. Its 20% UC for the day is at Rs.106.70 while 52-week is at Rs.118.65.
The stock price rose as it has received an order from the Gujarat Rail Infrastructure Development Corporation.
This is for conversion from metre gauge to broad gauge between Bechraji - Ranuj section.
The total length of this conversion is 38.153 kms with 25 KV AC electrification in Ahmedabad Division of Western Railway.
The accepted project cost is Rs.334 crore.