Ahluwalia Contracts up 7% on Rs 397-cr Godrej order

Shares of Ahluwalia Contracts rallied 7.5% to hit the day’s high of Rs 927.60 on the NSE on Tuesday, April 15, after the company announced a major contract win from Godrej Properties.

In an exchange filing, Ahluwalia Contracts said it has secured a contract for core and shell construction of sub and super structures for all towers (T1, T2, T3, and T4), as well as the NTA, club and retail areas, boundary wall, rainwater harvesting system, waterproofing, and LPS works at the Godrej Riverine project in Sector-44, Noida.

The contract is valued at Rs 396.5 crore (excluding GST) and must be completed within 25 months. The company clarified that the award does not involve any promoter or group company participation.

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Ahluwalia Contracts share price target


According to Trendlyne, the average 12-month target price for Ahluwalia Contracts shares is Rs 891, suggesting a modest upside of about 3% from current levels. Among the 13 analysts covering the stock, the consensus rating is a ‘Buy.’

On the technical front, the stock’s Relative Strength Index (RSI) stands at 67.1, indicating it is nearing overbought territory. The Moving Average Convergence Divergence (MACD) is at 23.6, above both its centerline and signal line—signaling bullish momentum. The stock is trading above its 5-day to 50-day simple moving averages (SMAs), but remains below its 100-day, 150-day, and 200-day SMAs.

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Ahluwalia Contracts share price performance


Ahluwalia Contracts shares closed 4.3% higher at Rs 861.4 in the previous trading session. While the stock has declined 20% over the past six months, it has gained 64% over the last two years. The company’s current market capitalisation stands at Rs 5,770 crore.

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