Shares of  Ashoka Buildcon Limited, a Mumbai-based construction company, rose as much as 10.73 percent to an intraday high of 98.50. After receiving a Letter of Award (LOA) from Gujarat Rail Infrastructure Development Corporation, Ashoka Buildcon's stock rose.

Ashoka Buildcon Limited has emerged as the lowest bidder (L-1) for Gujarat Rail Infrastructure Development Corporation Limited (G-RIDE) Project, which has a value of Rs 333.63 crore. On February 17, 2021, the stock hit a one-year high of Rs 118.60, and on May 29, 2020, it hit a one year- week low of Rs 48.65. ON Friday at 3.25 pm, it is trading at 91.50 higher by 3 percent from the previous closing, in comparison, the Nifty touched at 14612-level, up by 31 points.

Ashoka Buildcon had submitted a bid to Bahucharaji Rail Corporation Limited (BRCL), Gandhinagar, represented by Gujarat Rail Infrastructure Development Corporation Limited for the project that includes gauge conversion of Bechraji (63.83 km)-Ranuj (101.983 km) section with a total length of 38.153 km gauge to broad gauge with 25 KV AC electrification in Ahmedabad division of Western Railway. 

RBI says, eight entities have applied for on-tap licences to set up universal banks

Two public sector banks will be privatized this year, NITI Aayog will soon finalize the names

Pension Regulatory body mulling the option of holding 40 pc annuity at retirement