Ashoka Buildcon up 4.5%

Ashoka Buildcon rose during the early part of the day to Rs.110.55, going up over 4.5% with a 2-times surge in volumes. Its 52-week high is at Rs.118.65.

The stock has gone up after the company announced that it has signed a contract for development of existing Grand Port Hospital to 600 Beds super speciality hospital and proposed medical college with residential quarters of Zodiac Healotronics.

This is to be completed in 60 months and the accepted EPC contract value of project is Rs.600 crore.