Ashoka Buildcon shares rise on ₹865.9 crore NHAI contract
In short
Ashoka Buildcon shares rose as much as 14% after it won an ₹865.90 crore NHAI contract. The project is to complete a 26.6-km expressway section in Gujarat.
The order helped lift sentiment, even though the company also reported weaker Q2 FY27 numbers and a net loss of ₹118.96 crore.
What the reporting says
Ashoka Buildcon shares rose as much as 14% after the company received an ₹865.90 crore NHAI contract to complete a 26.6-km expressway section in Gujarat. The award boosted sentiment even as the company reported Q2 FY27 revenue down 18.72% year on year and a net loss of ₹118.96 crore. The market response focused on the fresh order despite the weaker quarterly numbers.
Why it matters
Ashoka Buildcon’s new NHAI contract for a 26.6-km expressway section in Gujarat lifted its shares as much as 14%. The reported order value was ₹865.90 crore. The market reaction came despite weaker Q2 FY27 results, including an 18.72% fall in revenue and a net loss of ₹118.96 crore, showing investors were focused on the order win.