Ahluwalia Contracts shares hit an intraday high of Rs 594.80 on 14 October after the firm bagged a Rs 310 crore Bennett University order.

The company told exchanges on 14 October that Bennett University, owned by the Times Group, has handed it the job. Ahluwalia will build six blocks at the university campus in Tech Zone-II, Greater Noida, Uttar Pradesh.

The order is worth Rs 310 crore, including GST. The firm has 22 months to finish, and it counts the work as an institutional building project. The blocks are O1, O2, O3, R1, L and Q.

It is a domestic order. Ahluwalia said its promoters and group companies have no interest in Bennett University, so the deal is not a related party transaction.

In plain terms, there is no insider link between the builder and its client. The New Delhi-based company, set up in 1979, also builds hotels, hospitals, offices and metro stations.

Its latest results cover April to June 2026. Revenue rose about 12% from a year earlier to Rs 1,125.81 crore, but consolidated net profit fell nearly 80% to around Rs 10.4 crore.

Ahluwalia also set a dividend of Re 0.70 a share, with an ex-date of 22 September.

At 14:18 pm, the shares traded at Rs 581 on NSE, up by Rs 15.80 or 2.80%. Around 1.12 lakh shares had changed hands by then, worth Rs 6.57 crore.

The broader Nifty 50 was down 0.49% at the same time. The stock is still down about 38.65% over the past year and 39.43% so far this year.

It has gained 3.47% in the last week. Its 52-week low of Rs 540.55 came on 1 October, and the company’s market value stands at about Rs 3,892 crore.

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