/ Ashoka Buildcon Rises 3% On Fund Raising Plans ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 25 May 2017

Ashoka Buildcon, an infrastructure company soared nearly 3% on the NSE as the company announced fund raising plan.

The company in its regulatory filling mentioned that in the board will discuss the proposal for fund raising by way of debt issue, qualified institutional placement, preferential allotment or any other method.

The company also added that the board will also consider/recommend final dividend, if any, on the equity share of the company.

The stock has delivered 43% returns in a period of one year and has outperformed the BS Small cap and Nifty Infrastructure indices over the same time period. The share touched its 52-week high Rs 231.55 and 52-week low Rs 132.50 on 07 April 2017 and 07 June, 2016, respectively.

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