By Admin 
Stock to Watch on Monday: There was a rise in the Indian stock market on Friday, the last trading session of the week. Both the major benchmark indices BSE Sensex and Nifty 50 closed trading in the green. On Friday’s trading day, two companies related to the infrastructure sector shared important information and said that they have got big projects.
These include Ashoka Buildcon and Simplex Infrastructures. After these new orders, investors are expected to keep a special eye on the shares of both the companies on Monday, February 9. Let us know about the new orders of these companies…..
Simplex Infrastructures Share
Simplex Infrastructures said in its exchange filing on NSE and BSE on February 6 that the company has got a new contract related to the power sector. The total value of this project is said to be around Rs 91.96 crore. According to the company, this order is part of its regular business and this will further strengthen its order book.
Simplex Infrastructures is one of the well-known and oldest infrastructure companies of the country. The company works in building roads, metro, power, port and housing. Initially the company was known for its innovative technologies. However, in the recent past, the company had to face challenges due to debt, but now the situation is gradually improving.
Ashoka Buildcon Share
Ashoka Buildcon said in the information given to the exchange on February 6 that the company has got an important infrastructure project in Bihar. The company has got this contract along with its joint venture partner Aakshya Infra Project Private Limited. This project has been acquired from Bihar State Bridge Construction Corporation Limited (BRPNNL) on EPC mode. Under which a 2280 meter long HL RCC bridge will be built.
According to the company, this bridge will be built on the Gandak River in Muzaffarpur district. The total cost of this project is about Rs 474.38 crore. The company has also said that a time limit of 30 months has been set to complete this bridge project. Due to these orders, there may be movement in the shares of both the companies on Monday’s trading day.
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