The Economic Times daily newspaper is available online now.

    Buy Ashoka Buildcon, target price Rs 186: Centrum Broking

    Synopsis

    Ashoka Buildcon Ltd., incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 2418.43 Crore) operating in Infrastructure sector.

    Ashoka Buildcon sharesGetty Images
    Promoters held 54.48 per cent stake in the company as of 31-Mar-2022, while FIIs owned 2.13 per cent, DIIs 21.48 per cent.
    Centrum Broking has buy call on Ashoka Buildcon with a target price of Rs 186. The current market price of Ashoka Buildcon is Rs 85.2. Time period given by analyst is one year when Ashoka Buildcon Ltd. price can reach defined target.

    Ashoka Buildcon Ltd., incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 2418.43 Crore) operating in Infrastructure sector.

    Ashoka Buildcon Ltd. key Products/Revenue Segments include Income From Construction Work, Ready Mix Concrete, Other Operating Revenue and Scrap for the year ending 31-Mar-2021.


    Financials
    For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 2056.99 Crore, up 39.42 % from last quarter Total Income of Rs 1475.38 Crore and up 15.55 % from last year same quarter Total Income of Rs 1780.22 Crore. Company reported net profit after tax of Rs 220.89 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 54.48 per cent stake in the company as of 31-Mar-2022, while FIIs owned 2.13 per cent, DIIs 21.48 per cent.



    (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in