ASHOKA

Feb 6 (Reuters) - Ashoka Buildcon Ltd ABDL.NS:

• ASHOKA BUILDCON LTD - JV GETS LOA FOR ORDER WORTH 2.42 BILLION RUPEES

Source text: [ID:]

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Jan 22 (Reuters) - Ashoka Buildcon Ltd ABDL.NS:

• GETS LETTER OF ACCEPTANCE FOR PROJECT WORTH 3.08 BILLION RUPEES

Source text: ID:nBSE3wtkWl

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Dec 30 (Reuters) - Ashoka Buildcon Ltd ABDL.NS:

• ISSUED COMMERCIAL PAPERS OF 500 MILLION RUPEES

Source text: ID:nNSE2nTYZ1

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Dec 23 (Reuters) - Ashoka Buildcon Ltd ABDL.NS:

• ISSUED COMMERCIAL PAPERS WORTH 500 MILLION RUPEES

Source text: ID:nBSEb2pfcQ

Further company coverage: ABDL.NS

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** Shares of Ashoka Buildcon ABDL.NS rise 1.3% to 167.18 rupees

** Indian highway developer, as part of JV with Adani unit and Aakshaya Infra Projects, wins order worth 18.16 bln rupees ($201.3 mln)

** 4 analysts covering stock rate it at "buy" or "strong buy", 4 rate it as "hold"; median PT is 214 rupees - LSEG data

** Stock down 46.96% YTD up to last close

(Reporting by Abhirami G in Bengaluru)

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** Ashoka Buildcon ABDL.NS rises 4.3% to 167.5 rupees

** Construction firm receives additional work order worth 44.7 bln rupees ($496.1 million) from Brihanmumbai Municipal Corporation for its existing flyover project on Sion Panvel Highway

** Stock sees busiest session since June 6, with more than 47 mln shares traded - 4.7x the 30-day avg

** YTD, ABDL falls 46.2%

($1 = 90.0975 Indian rupees)

(Reporting by Rudra Pratap Singh in Bengaluru)

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** Shares of Ashoka Buildcon ABDL.NS fall 5% to 188.8 rupees, their lowest point since October 24

** Stock hits its biggest intraday percentage loss since March 10

** The construction firm posts a nearly 83% y/y decline in September-quarter consol net profit; revenue from ops drops 25.6% y/y

** More than 1.6 million shares change hands, 1.9x of 30-day avg

** ABDL rated "buy" by eight analysts on average; median target price is 216 rupees – data compiled by LSEG

** Stock down 39.3%, YTD

(Reporting by Rudra Pratap Singh in Bengaluru)

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Aug 22 (Reuters) - Ashoka Buildcon Ltd ABDL.NS:

• RECEIVES LOA FOR JAIPUR RAILWAY PROJECT

• PROJECT COST ACCEPTED AT 5 BILLION RUPEES

Source text: ID:nBSEbzMR40

Further company coverage: ABDL.NS

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** Shares of Ashoka Buildcon ABDL.NS rise nearly 1.5% to 186 rupees after five-session losing streak

** 53% Y/Y rise in order book size helps construction co post almost 45% jump in Q1 consol net profit

** Average rating from five analysts is "buy"; median PT is 248 rupees - data compiled by LSEG

** YTD, stock down ~39%

(Reporting by Urvi Dugar)

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Aug 11 (Reuters) - Ashoka Buildcon Ltd ABDL.NS:

• ASHOKA BUILDCON JUNE-QUARTER CONSOL NET PROFIT 2.17 BILLION RUPEES

• ASHOKA BUILDCON JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 18.87 BILLION RUPEES

• APPROVES INCREASE IN CP ISSUANCE LIMIT TO 3 BILLION RUPEES

Further company coverage: ABDL.NS

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July 8 (Reuters) - Ashoka Buildcon Ltd ABDL.NS:

• UNIT SUBMITS FINANCING DOCUMENTS FOR WEST BENGAL PROJECT TO NHAI

Source text: ID:nBSEbd3bnt

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** Shares of Ashoka Buildcon ABDL.NS fall 2.5% to 212 rupees

** Goods & Services Tax department serves notice for search and seizure at company's Nashik office; co says search began on June 11

** Stock was flat ahead of the search announcement

** ABDL set to fall for a fourth straight session, dropping 5% in the period

** YTD, stock is down 32%

(Reporting by Nishit Navin in Bengaluru)

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** Shares of Ashoka Buildcon ABDL.NS rise 2.5% to 224.3 rupees

** Construction co wins multiple contracts worth up to 13.87 billion rupees ($161.7 million) from Maharashtra govt body for design of traffic management systems

** Avg rating on stock is "buy"; median PT is 248 rupees - data compiled by LSEG

** Stock down 27.8% YTD

($1 = 85.7640 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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April 22 (Reuters) - Ashoka Buildcon Ltd ABDL.NS:

• GETS PROJECT WITH CONTRACT VALUE 5.69 BILLION RUPEES INCLUDING GST

Source text: ID:nBSE7B8SBl

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** Shares of Ashoka Buildcon ABDL.NS rise 4.51% to 195 rupees

** Highway developer is thelowest bidder for a Central Railway project, with bid value of 5.68 bln rupees ($66.40 mln), excluding tax

** Including session's gains, ABDL shares up 15.5% in the last 12 months

(Reporting by Ananta Agarwal in Bengaluru)

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April 11 (Reuters) - Ashoka Buildcon Ltd ABDL.NS:

• SELLS 100% STAKE IN 16 SUBSIDIARIES

• CONSIDERATION RECEIVED AGGREGATES TO 800,000 RUPEES

Source text: ID:nBSE70T1TQ

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March 27 (Reuters) - Ashoka Buildcon Ltd ABDL.NS:

• ISSUES COMMERCIAL PAPERS OF 500 MILLION RUPEES

Source text: ID:nBSE76Kv6T

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March 20 (Reuters) - Ashoka Buildcon Ltd ABDL.NS:

• ASHOKA BUILDCON - REAPPOINTS SATISH PARAKH AS MD

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** Shares of G R Infraprojects GINF.NS surge 10.6% to 1041 rupees, their second-biggest one-day gain

** Engineering and construction co wins project worth about 42.63 billion rupees ($492.2 million) from National Highways Authority of India for road construction

** More than 832,000 shares traded, 7.5x the 30-day avg

** Still, stock is below 50-, 100-, 200- day moving avgs

** Avg of analysts rating on stock is "buy," same as that on peers Ashoka Buildcon ABDL.NS, KNR Constructions KNRL.NS; median PT on GINF is 1508 rupees - data compiled by LSEG

** Stock down 30% so far this year, after a 28.6% rise in 2024

($1 = 86.6080 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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March 10 (Reuters) - Ashoka Buildcon Ltd ABDL.NS:

• ASHOKA BUILDCON LTD - RECEIVES LETTER OF ACCEPTANCE FOR MSETCL PROJECT

• ASHOKA BUILDCON LTD - ACCEPTED BID PRICE FOR PROJECT IS 3.12 BILLION RUPEES INCLUDING GST

Source text: ID:nBSEHzyMZ

Further company coverage: ABDL.NS

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March 4 (Reuters) - Ashoka Buildcon Ltd ABDL.NS:

• GETS PROVISIONAL CERTIFICATE (COD) FOR NHAI PROJECT

Source text: ID:nBSE2nFy1F

Further company coverage: ABDL.NS

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Feb 10 (Reuters) - Ashoka Buildcon Ltd ABDL.NS:

• ASHOKA BUILDCON DEC-QUARTER CONSOL NET PROFIT 6.55 BILLION RUPEES

• ASHOKA BUILDCON DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 23.88 BILLION RUPEES

Source text: ID:nBSEkM40H

Further company coverage: ABDL.NS

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** Shares of Ashoka Buildcon ABDL.NS rise 3.5% to 287.80 rupees

** The construction co's unit executes concession agreement with National Highways Authority of India for project worth 13.91 bln rupees ($162.3 mln)

** Project is for making 4-lane section of National Highway-116A in West Bengal under hybrid annuity mode

** ABDL stock more than doubled in 2024

($1 = 85.7280 Indian rupees)

(Reporting by Vijay Malkar)

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Jan 6 (Reuters) - Ashoka Buildcon Ltd ABDL.NS:

• ASHOKA BUILDCON LTD - EXECUTES CONCESSION AGREEMENT WITH NHAI

• ASHOKA BUILDCON - PROJECT COST ACCEPTED AT 13.91 BILLION RUPEES

Source text: ID:nBSE9NZqB0

Further company coverage: ABDL.NS

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** HG Infra Engineering HGIN.NS rises 4.6% to 1,520.8 rupees

** Construction and engineering co gets letter of award from Ministry Of Road Transport And Highways to improve and upgrade a national highway

** Bid worth 8.99 bln rupees (~$106 mln)

** Stock rated "strong buy" on avg; median PT is 1,779 rupees - LSEG

** HGIN up 75% YTD vs rival Ashoka Buildcon's ABDL.NS two-fold surge and PNC Infratech's PNCI.NS 12% fall

($1 = 84.8590 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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** HG Infra Engineering HGIN.NS adds 2% to 1,357.50 rupees

** Co gets project from Gujarat Urja Vikas Nigam to set up 250MW/500 MWH battery energy storage system in the western state

** HGIN did not disclose any financial details

** Stock rated "strong buy" on avg vs peers PNC Infratech PNCI.NS and Ashoka Buildcon's ABDL.NS "buy" rating - LSEG

** HGIN's median PT is 1,779 rupees

** YTD, stock up ~60% vs ABDL's ~83% gain; PNCI down 17%

(Reporting by Dimpal Gulwani in Bengaluru)

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Nov 29 (Reuters) - Ashoka Buildcon Ltd ABDL.NS:

• SIGNED AN AGREEMENT FOR PROJECT WORTH 10.55 BILLION RUPEES

• SIGNED AN AGREEMENT FOR PROJECT WITH BANGLORE INTERNATIONAL AIRPORT

Source text: ID:nNSE3rbM77

Further company coverage: ABDL.NS

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** Shares of highway developer Ashoka Buildcon ABDL.NS rise as much as 3.3% to 242.8 rupees

** Highway developer wins an engineering, procurement and construction project worth 1.93 bln rupees ($22.9 mln) from Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company

** ABDL has been above its 200-day SMA since July 2023, indicating bullish sentiment

** Avg rating of nine analysts covering the stock is "buy" and median PT is 253 rupees, ~5% higher than current price - LSEG data

** ABDL last up 2%, extending YTD gains to ~72%

($1 = 84.4630 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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** Shares of highway developer Ashoka Buildcon ABDL.NS down 2.49% to 235.2 rupees

** Co says its bid for the Kharagpur to Chandrakona-Ghatal road crossing was cancelled by the National Highway Authority of India (NHAI) for administrative reasons

** Co had submitted bids for two projects to NHAI totalling 27.91 bln rupees ($330.6 mln) on Nov. 18

** Trading vols are at 2.5 mln shares, 1.2x the 30-day avg

** Of nine brokerages covering the stock, five rate it 'buy' or 'strong buy', 3 'hold' and 1 'sell' - LSEG data

** Stock has gained ~69% YTD

($1 = 84.4250 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru)

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** Shares of Ashoka Buildcon ABDL.NS rise about 4% to 242.62 rupees

** Highway developer gets National Highways Authority of India contract for project costing 13.91 bln rupees ($165 mln)

** Nearly 2 mln shares traded by 9:37 a.m. IST, just shy of 30-day daily avg

** Nine analysts' avg rating on ABDL is "buy"; median PT is 253 rupees - LSEG data

** ABDL has jumped ~74% YTD, topping last year's 55% gain and set for best year since 2014

($1 = 84.2480 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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