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Ashoka Buildcon suspended from NHAI projects for one month

pre-market1 source ↓written by the desknot a recommendation

Ashoka Buildcon has been temporarily barred from participating in NHAI bids for one month following a tragic incident in Kerala, where two precast girders fell, resulting in a driver's death. The suspension will last until an expert committee completes its investigation. This decision may impact the company's ongoing projects and future bidding opportunities.

• Show-cause notice issued due to safety concerns

• Suspension affects ongoing and future bids

• Investigation pending on the incident's circumstances

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 29 Nov 2025, 07:10 IST.

Sourcesnews.google.com

The market after the news

ASHOKA closed −2.4% on the day of the news, from ₹177.76 to ₹173.42; Nifty −0.1% over the same session.

Bulletin at 07:10 IST on 29 Nov 2025. Every change is measured from ₹177.76, the last close before it, on 28 Nov. 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 it154.65177.76200.87axis spans 30%before the news · 28 Nov177.76Nifty 50ASHOKAbulletinD0+1+3+524 Nov4 Dec15 DecReference close ₹177.76. 16 sessions from 24 Nov to 15 Dec; 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 Nov₹177.76basebase
On the day1 Dec₹173.42▼ −2.4%▼ −0.1%−2.3 pp difference
+1 session2 Dec₹169.57▼ −4.6%▼ −0.7%−4.0 pp difference
+3 sessions4 Dec₹163.91▼ −7.8%▼ −0.7%−7.1 pp difference
+5 sessions8 Dec₹164.52▼ −7.5%▼ −0.9%−6.5 pp difference
Gap at the open, % · ₹
0.0%+0.02 on 1 Dec
Day's range, % · ₹
3.1%≈ 5.5 high to low
Volume on the day
0.57×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

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