Ashoka Buildcon shares in focus after securing Rs 1,387-crore traffic management project in Maharashtra

Ashoka Buildcon shares will be in focus on Friday after the company, in collaboration with its subsidiary Ashoka Purestudy Technologies Private Limited (APTPL), received Letters of Intent (LOIs) from the Maharashtra Motor Vehicles Department for a major Intelligent Traffic Management System (ITMS) project.

The project, valued at Rs 1,387.19 crore, involves the design, implementation, operation, and maintenance of ITMS across Nagpur, Mumbai, Pune, Marathwada, and Konkan & Western Maharashtra.

The total implementation period is 15 months from the contract signing date, with an operation and maintenance phase lasting 10 years from the Go Live date.


The project-wise estimated cost, as per RFP, including GST, is as follows: Nagpur worth Rs 179.97 crore; Mumbai for Rs 291.49 crore; Pune worth Rs 285.23 crore; Konkan & Western Maharashtra worth Rs 315.54 crore; Marathwada worth Rs 314.96 crore, as per filing.

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Ashoka Buildcon Q4 results

Ashoka Buildcon reported a 73.2% year-on-year increase in net profit for the fourth quarter, reaching Rs 432.2 crore compared to Rs 249.6 crore in the same quarter last year. Revenue for Q4 stood at Rs 2,694.4 crore, marking an 11.7% growth from Rs 3,052 crore a year ago.

Ashoka Buildcon shares target price

According to Trendlyne, the average target price for Ashoka Buildcon is Rs 261, indicating a potential upside of around 19% from current levels. Among the seven analysts covering the stock, the consensus rating is ‘Buy’.

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Ashoka Buildcon technical indicators

On the technical front, the stock’s Relative Strength Index (RSI) stands at 63.7—suggesting neither overbought nor oversold conditions. The MACD is at 6.5, above both its centerline and signal line, indicating a bullish trend.

Ashoka Buildcon shares are currently trading above their 5-day, 10-day, 20-day, 30-day, 50-day, and 100-day simple moving averages (SMAs), but below the 150-day and 200-day SMAs.

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Ashoka Buildcon shares performance

Ashoka Buildcon shares closed at Rs 218 in the previous session, up 1.46% on the BSE, while the benchmark Sensex rose 0.55%. The stock is down 29% year-to-date but has gained 170% over the past two years. The company’s market capitalisation stands at Rs 6,145 crore.

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