) is in focus after securing a ₹602.16 crore order from Rail Vikas Nigam Limited (RVNL) for electro-mechanical systems for railway tunnels in Uttarakhand. The project covers tunnels T-13, T-14, T-15 and T-16 under the Rishikesh-Karnaprayag New Broad Gauge Rail Line Project. Key Points Order Value: ₹602.16 crore Client: RVNL Project: Rishikesh-Karnaprayag Rail Line Location: Uttarakhand Scope: Electro-mechanical tunnel systems Execution Period: 30 months Stock Reaction: Shares surged nearly 15% The order includes installation of substations, HT/LT cables, diesel generators, lighting systems, UPS systems, ventilation and firefighting equipment. Technical View The stock recorded its biggest single-day gain in more than six years, making the post-order price action particularly important. After a move of this magnitude, the focus should be on whether the stock can hold the breakout and sustain elevated volumes. Alpha Insight A ₹602 crore railway order strengthens Ashoka Buildcon's order pipeline, but after a sharp one-day rally, the market now needs to see sustained price acceptance above the breakout zone. For educational and informational purposes only. Not investment advice. UMANG RAJESH BHUTADA SEBI Registered Research Analyst Registration No. INH000023001

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