Ashoka Buildcon Limited (BSE:533271) is in advanced discussions to sell a stake in Jaora Nayagaon and the Chennai ORR project, and some developments could be expected on this front soon, as per analysts. Besides, the company is also looking to monetize its HAM (Hybrid Annuity Model) assets through outright sale or the InvIT (Infrastructure Investment Trust), said analysts at Motilal Oswal Financial Services Ltd. With multiple developments on divestments underway, the benefits are likely to accrue to the company. Analysts say that the monetisation would mean that the EPC (Engineering Procurement and Construction) segments' cash generation is not used to support the cash-drag projects.

A sharper-focused EPC would also augur well and analysts thereby see a potential for a better valuation multiple for the core EPC operations.