Ashoka BuildCon gets a bigger project from the Ralway, a storm can become multibagger stock!

Small-cap company Ashoka Buildcon gave great news on Saturday. The company has obtained the order by making the lowest bid for a new construction project of Central Railway. The total value of this project is Rs 568.86 crore. This news has brought the shares of Ashoka BuildCon into the discussion. Experts believe that this multibagger share may show a stir when the market opens next week.

Project has been found for this work

Under this project, the company will have to conceive the 53.3 km railway section from Pachora to Jamner. This includes main bridges, small bridges, track work and other civil work. The company will have to complete this project within 30 months.

Ashoka Buildcon shares

Prior to this news, the company’s stock closed at Rs 186.40 with a slight gain of 0.27 percent on Friday. This stock has given returns of more than 270 percent to investors in the last 5 years. However, so far this year it has registered nearly 39 percent. Experts believe that this new order is positive for the company. This will increase the company’s order book and is expected to increase revenue in future.

Company’s financial condition

The current market capital of Ashoka Buildcon is Rs 5,232.68 crore. The company has recently shown improvement in its quarterly results.

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