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Ashoka Buildcon secures ₹3.08 billion bridge contract

Ashoka Buildcon has secured a ₹3.08 billion contract for bridge construction, contributing to the ₹37,000 crore road projects in Maharashtra. This win is likely to boost the company's revenue and investor confidence in the construction sector.

after close1 source ↓written by the desknot a recommendation

contract for bridge
₹3.08 billion
road projects being
₹37,000 crore

Ashoka Buildcon has won a ₹3.08 billion contract for bridge construction, furthering its role in Maharashtra's extensive infrastructure development. This contract is part of the ₹37,000 crore road projects being executed by the Maharashtra State Infrastructure Development Corporation.

The contract is expected to enhance the company's revenue stream and may positively impact investor sentiment in the construction sector.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 28 Jan 2026, 16:07 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

ASHOKA closed −1.6% on the day of the news, from ₹147.04 to ₹144.61; Nifty +0.3% over the same session.

Bulletin at 16:07 IST on 28 Jan 2026. Every change is measured from ₹147.04, the last close before it, on 28 Jan. Nifty 50 is measured over the same sessions.

  • ASHOKA close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
ASHOKA closes around the bulletin against the close before the news, with Nifty 50 rebased to it127.92147.04166.16axis spans 30%before the news · 28 Jan147.04Nifty 50ASHOKAbulletinD0+1+3+521 Jan2 Feb11 FebReference close ₹147.04. 16 sessions from 21 Jan to 11 Feb; the price axis spans 30 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before28 Jan₹147.04basebase
On the day29 Jan₹144.61▼ −1.6%▲ +0.3%−1.9 pp difference
+1 session30 Jan₹148.97▲ +1.3%▼ −0.1%+1.4 pp difference
+3 sessions2 Feb₹148.52▲ +1.0%▼ −1.0%+2.0 pp difference
+5 sessions4 Feb₹155.03▲ +5.4%▲ +1.7%+3.7 pp difference
Gap at the open, % · ₹
0.0%0.00 on 29 Jan
Day's range, % · ₹
2.8%≈ 4.1 high to low
Volume on the day
0.69×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
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Max pain
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