New Delhi, Nov. 11 -- Ashoka Buildcon shares rallied sharply on Wednesday, November 11, after the infrastructure company secured a fresh contract worth Rs.865.90 crore from the National Highways Authority of India (NHAI). The Letter of Acceptance (LoA) for the highway project marked the formal award of the contract, for which the company had submitted its bid on November 5, 2026.

The order announcement lifted investor sentiment, with the stock gaining as much as 14% during the session. However, the rally came against the backdrop of weak quarterly earnings, with the company reporting an 18.72% year-on-year decline in revenue and swinging to a net loss in the September quarter of FY27.

Ashoka Buildcon shares climbed 14% to touch an intra...