India's Ashoka Buildcon rises as unit sells stake in SPVs

Shares of Ashoka Buildcon ABDL.NS rise nearly 3% to 183 rupees, set for third straight session of gains if trend holds

Stock on track for best session since Oct 31

The construction firm's unit Ashoka Concessions Limited sells entire stake in five special purpose vehicles (SPVs) for about 18.14 billion rupees ($203.26 million)

Co selling stake to Maple Infrastructure Trust

ABDL rated "buy" on avg by eight analysts covering it; median PT at 214 rupees- data compiled by LSEG

YTD, ADEL stock price nearly halves, down ~93%

($1 = 89.2460 Indian rupees)