Ashoka Buildcon Ltd. News, Corporate filings and Earnings/Conference Calls

Name: Latest research reports of Ashoka Buildcon Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Ashoka Buildcon Ltd.
Rating: 1
Author: ICICI Securities Limited

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Ashoka Buildcon Ltd.

31 Aug 2024

211.18

4.07%

Company Update

ASHOKA BUILDCON LTD. - 533271 - Change In Credit Rating Of Subsidiary Of The Company

BSE India

Pursuant to Regulation 30(9) of SEBI (LODR) Regulations, 2015, Ashoka Buildcon Limited (the Company) informs that ICRA Limited, the Credit Rating Agency (ICRA) has withdrawn the Credit Ratings issued ([ICRA]A (Stable); Reaffirmed), to Ashoka Concessions Limited (ACL), since there are no debt/Banking Credit Facilities outstanding for ACL, being an unlisted material subsidiary of the Company.

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Ashoka Buildcon Ltd.

30 Aug 2024

211.18

4.07%

Company Update

ASHOKA BUILDCON LTD. - 533271 - Announcement under Regulation 30 (LODR)-Issue of Securities

BSE India

Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we wish to inform you that the Company has issued Commercial Papers (CP) of Rs. 50 Crore on August 30, 2024.

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Ashoka Buildcon Ltd.

26 Aug 2024

211.18

4.07%

Corp. Note

ASHOKA BUILDCON LTD. - 533271 - Intimation of Repayment of Commercial Paper (CP)

BSE India

We refer to our letter dated August 07, 2024, intimating the record date as 22-08-2024, for payment of redemption amount payable on the Commercial Papers issued by the Company. We hereby inform that the entire redemption amount of Rs. 50 Crore has been paid by the Company on the due date i.e. August 26, 2024, including the interest.

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Ashoka Buildcon Ltd.

26 Aug 2024

211.18

4.07%

Ashoka Buildcon up 5% on emerging as lowest bidder for project of Rs 478 cr

Business Standard

The rise in Ashoka Buildcon share price came after the company announced that it has emerged as lowest bidder for project of Rs 478 crore from Mumbai Metropolitan Region Development Authority (MMRDA).

Ashoka Buildcon Ltd. is trading above its 50 day SMA of 190.0

Ashoka Buildcon Ltd.

24 Aug 2024

211.18

4.07%

Company Update

ASHOKA BUILDCON LTD. - 533271 - Lowest Bidder

BSE India

Pursuant to Reg,. 30 of the SEBI LODR, 2015, Ashoka Buildcon Limited (Company) informs that the Company had submitted bid to MMRDA Project. The company has emerged as L1 for the Project.

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Ashoka Buildcon Ltd.

21 Aug 2024

211.18

4.07%

Earnings Call

ASHOKA BUILDCON LTD. - 533271 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

BSE India

Please find enclosed herewith the copy of transcript of the Earnings Call held on August 16, 2024 in respect of Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2024.

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Ashoka Buildcon Ltd.

19 Aug 2024

211.18

4.07%

Ashoka Buildcon Q1 Results Review - Traction In H2: IDBI Capital

NDTV Profit

The brokerage retains its rating to Buy with target price of Rs 283.

Ashoka Buildcon Ltd. has an average target of 284.00 from 3 brokers.

Ashoka Buildcon Ltd.

19 Aug 2024

211.18

4.07%

Sub-optimal margins; Diversification of order book

Sell: Ashoka Buildcon Ltd.

Recommendation Target

ICICI Securities Limited

Ashoka Buildcon’s (Ashoka) pivot to diversifying its orderbook is not yielding the warranted results. In Q1FY25, operating margin declined 180bps YoY.

Ashoka Buildcon Ltd. is trading above its 50 day SMA of 190.0

Ashoka Buildcon Ltd.

16 Aug 2024

211.18

4.07%

Earnings Call

ASHOKA BUILDCON LTD. - 533271 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

BSE India

We have uploaded the Audio recording of the Result Update / Earnings Call held on August 16, 2024 in respect of Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2024 on the Company''s website www.ashokabuildcon.com

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