Buy Ashoka Buildcon, target price Rs 170: JM Financial
Ashoka Buildcon with a target price of Rs 170. The current market price of Ashoka Buildcon Ltd.
is Rs 142.3.
Ashoka Buildcon Ltd., incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 3986.27 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-2022.
Financials For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 2195.33 Crore, up 11.26 % from last quarter Total Income of Rs 1973.14 Crore and up 19.00 % from last year same quarter Total Income of Rs 1844.83 Crore.
Company reported net profit after tax of Rs 118.73 Crore in latest quarter.
Promoter/FII Holdings Promoters held 54.48 per cent stake in the company as of 30-Sep-2023, while FIIs owned 2.97 per cent, DIIs 19.96 per cent.
