Road Construction Stocks

Ashoka Buildcon stock update: The stock had gained over 4 per cent in intra-day deals; but soon pared gains. Total income increased by 22 per cent in Q1FY25.

Ministry has created 100-day plan for new government, highway min says

Share of NBCC (India) hit over 5-year high at Rs 69.90, as they rallied 8 per cent on the BSE in Thursday's intra-day trade in an otherwise weak market on back of heavy volumes.

Thus far in the calendar year 2023, the stock has surged 36 per cent, as compared to 2.1 per cent rise in the S&P BSE Sensex.

At the bourses, shares of HG Infra Engineering, KNR Constructions, and KEC International have surged up to 9.3 per cent since February 1

The company has fixed Wednesday, February 22, 2023 as the 'Record Date' for the purpose of determining the eligibility of shareholders for the purpose of sub-division /split in the ratio of 1:10.

HG Infra and PNC Infratech hit respective 52-week highs in trades so far on Monday

Despite of today's decline, in past one month the stock has gained 12 per cent and ralllied as much as 45 per cent in the last three months.

The project namely construction of six lane greenfield Karnal Ring road starting from NH44 near Village Shamgarh and terminating at Karnal Munak Road Vill Samalakhal in Haryana.

Will provide relief to contractors, free working capital stuck in bank guarantees, says Gadkari

NHAI has front loaded awards because there was a large number of awards in April 2022

Dip in October has severely dented prospects of road ministry meeting its target of constructing 12,000-14,000 km of highways in 2022-23

PotHoleRaja has grown from small pothole-fixing drives to a dedicated network of volunteers and is working today with some of the biggest corporations and organisations in the country to build roads

With receipt of the current order, the total order inflow for the financial year 2022-23 till date amounts to Rs 1,344.24 crore, the civil construction company said in an exchange filing.

Analysts remain positive on the road/construction sector given healthy order books providing good revenue visibility, controlled working capital, value unlocking

The company has received letter of acceptance from NHAI for development of Memmadpur (Ambala) - Banur (IT City Chowk) - Kharar (Chandigarh) Corridor for a bid price of Rs 726 crore

A day ahead of the IPO, the company allocated 3.38 million shares at Rs 837 per share to 22 anchor investors and successfully raised Rs 283.3 crore

As of March 31, 2021, the value of contracts under PNC Infartech's execution stood at Rs 11,648 crore

The Finance Minister announced an allocation of Rs 1.18 trillion for the Ministry of Road Transport and Highways

The relaxation will not help many of the listed players and it will be a while before activity begins for them. There coud be labour-related issues.