Ashoka Buildcon shares in focus after winning ₹568.86 crore railway project

Small-cap multibagger stock Ashoka Buildcon will likely attract investor attention in the coming week after the company announced a significant order book update. On Saturday, April 12, Ashoka Buildcon revealed it has emerged as the lowest bidder for a ₹568.86 crore construction project under the Central Railways.

In an official filing with the BSE, the company stated:

“This is to inform that the Company has emerged as the Lowest Bidder for the Project, the Bid Value of which is ₹568.86 Crore excluding GST.”

The project involves comprehensive civil works including earthwork, major and minor bridges, RUBs, track laying (P. Way work), and gauge conversion across a 53.3 km stretch from Pachora to Jamner, excluding Pachora yard and road over bridges. The work is scheduled to be completed within 30 months from the contract date.

Ashoka Buildcon Share Performance

Ahead of the announcement, Ashoka Buildcon shares closed 0.27% higher at ₹186.40 after Friday’s trading session, compared to the previous close of ₹185.90.

The stock has delivered over 270% returns in the last five years, making it a notable multibagger in the small-cap construction space. Over the past year, it has gained 9.24%, while showing a 5.48% rise in the past month.

However, on a year-to-date (YTD) basis in 2025, the stock is still down 38.99%.

As per BSE data:

52-week high: ₹319 (Dec 31, 2024)

52-week low: ₹148 (Apr 15, 2024)

Market Capitalisation: ₹5,232.68 crore (as of April 11, 2025)

Looking Ahead

The latest project win reinforces Ashoka Buildcon's strong position in infrastructure and railway construction projects, potentially driving further investor interest in the stock.

Disclaimer: Investors are advised to consult certified financial experts before making investment decisions.