Ashoka Buildcon Ltd Share Price – NSE /  BSE

Infrastructure Developers & Operators, Small Cap

The key domestic indices traded with small gains in the early afternoon trade, supported by rising expectations of an interest rate cut by RBI in its December meeting. Investors now await the release of Q2 GDP data due later today. The Nifty traded above the 26,200 mark.

Pharma shares witnessed buying demand for fourth consecutive trading sessions.

At 12:25 IST, the barometer index, the S&P BSE Sensex advanced 38.99 points or 0.05% to 85,759.37. The Nifty 50 index added 5.05 points or 0.02% to 26,220.60.

In the broader market, the S&P BSE Mid-Cap index shed 0.07% and the S&P BSE Small-Cap index fell 0.13%.

The market breadth was almost even. On the BSE,1,960 shares rose and 1,950 shares fell. A total of 219 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 4.80% to 11.24. The Nifty 30 December 2025 futures were trading at 26,401.10, at a premium of 180.5 points as compared with the spot at 26,220.60.

The Nifty option chain for the 30 December 2025 expiry showed a maximum call OI of 60.1 lakh contracts at the 26,000 strike price. Maximum put OI of 73.5 lakh contracts was seen at 26,000 strike price.

Buzzing Index:

The Nifty Pharma index advanced 0.38% to 22,948.50. The index jumped 2.03% in the four consecutive trading sessions.

Laurus Labs (up 2.45%), Ipca Laboratories (up 2.06%), Ajanta Pharma (up 0.76%), Glenmark Pharmaceuticals (up 0.58%), Sun Pharmaceutical Industries (up 0.57%), Lupin (up 0.51%), Alkem Laboratories (up 0.49%), Zydus Lifesciences (up 0.34%), Abbott India (up 0.32%) and Biocon (up 0.29%) advanced.

Stocks in Spotlight:

Ashoka Buildcon declined 3.37% after National Highways Authority of India (NHAI) temporarily suspended the company from participating in ongoing/future bids for one month or until an expert committee completes its investigation.

Newgen Software Technologies rose 0.21%. The company has secured an international contract from a leading bank in Malaysia to provide end-to-end project management services for an enterprise content management (ECM) system.

SEPC declined 1.37%. The company said it has bagged an AED 35,000,000 (Rs 85 crore) contract through its UAE arm, SEPC FZE, for a strategic energy infrastructure upgrade project in the United Arab Emirates.

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The action follows a show cause notice (SCN) issued on 26 November 2025 regarding the construction of the six-lane elevated corridor in Kerala covering the Aroor to Thuravoor Thekku section of NH-66 (Km 366.330 to Km 379.082). The SCN relates to an incident involving the fall of two precast PSC girders, one of which struck a commercial vehicle, resulting in the driver?s death.

The company has denied the allegation that public safety was compromised, asserting that the incident arose from sudden and unforeseeable circumstances unrelated to lapses in its safety practices.

According to the company, the incident was triggered due to failure of hydraulic jack. The failure was sudden and non-predictable, without any prior warning signs, and due to internal seal damages. The girder fell on a moving goods carrier vehicle which entered forcibly in prohibited construction zone.

The company stated that it is in process of ascertaining the financial impact and shall intimate to the exchanges in due course of time. It added that it regularly follows all the rules, regulations and standards as prescribed by all the regulatory authorities and shall continue to follow the same.

Ashoka Buildcon is engaged in the construction & maintenance of roads and supporting services to land support and operation of toll roads. The company reported a 82.92% decline in consolidated net profit to Rs 78.06 crore in Q2 FY26 as against Rs 457.04 crore posted in Q2 FY25.

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Ashoka Buildcon has acquired 3.40 lakh equity shares held by Investors (Macquarie SBI Infrastructure Investments and SBI Macquarie Infrastructure Trust) and the company and Viva Highways have acquired balance 32,83,402 Class A Compulsorily Convertible Debentures (CCDs) and balance 84,82,891 Class B Compulsorily Convertible Debentures (CCDs) at an aggregate consideration of Rs.667.09 crore constituting a full acquisition of the securities held by the Investors in Ashoka Concessions (ACL), a subsidiary of the company.

Post the acquisition of 3,40,000 equity shares, ACL has now become wholly owned subsidiary of the Company effective 27 November 2025 and thus, the Investors have fully exited from ACL.

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However, revenue from operations fell 25.62% YoY to Rs 1,851.18 crore in the quarter ended 30 September 2025.

The company?s profit before exceptional items and tax stood at Rs 283.53 crore in Q2 FY26, down 47.50% from Rs 540.10 crore reported in Q2 FY25. The firm reported an exceptional loss of Rs 219.29 crore in the quarter.

Total expenses declined 18.33% YoY to Rs 1,624.40 crore in Q2 FY26. The cost of materials consumed stood at Rs 409.15 crore (down 40.04% YoY), while employee benefit expenses were at Rs 107.55 crore (down 6.57% YoY), and finance cost stood at Rs 317.98 crore (up 3.59% YoY).

On a half-year basis, the company's consolidated net profit dropped 51.35% to Rs 295.46 crore on 24.54% decrease in revenue to Rs 3,738.25 crore in H1 FY26 over H1 FY25.

Ashoka Buildcon is engaged in the construction & maintenance of roads and supporting services to land support and operation of toll roads.

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