Do you own this small-cap stock that got approval for a Rs 1,668.50 crore project from NHAI?
Shares of this company are trading at a PE multiple of 4.42 and an ROE of 49.7 per cent, all of which point to strong managerial performance.
Today, the shares of Ashoka Buildcon Ltd closed in the upper circuit, up by 0.43 per cent to Rs 81.50 per share. Recently, the company received an order worth Rs 1,668.50 crore from the National Highway Authority of India (NHAI). The project consists of the construction of a 6-lane elevated corridor and the development of an existing 4-lane roadway above ground from Aroor to Thuravoor Thekku section of NH-66 in Kerala on EPC mode.
According to the financial statement, the company reported positive quarterly and annual results. On the annual consolidated statement, relative to FY22, when net profit was only Rs 273 crore, it rose dramatically to Rs 771 crore or 182.42 per cent, in FY23.
Ashoka Buildcon Ltd is engaged in the business of construction and infrastructure facilities on an EPC (engineering, procurement and construction) and BOT (Build-Operate-Transfer) basis. It is also involved in the sale of RMC (ready-mix concrete).
The shares of this company are trading at a PE multiple of 4.42 and an ROE of 49.7 per cent, all of which point to strong managerial performance. Investors should keep an eye on this stock for the upcoming trading session.