Meanwhile, the BSE Sensex was up 170.60 points, or 0.69%, to 25,022.43.

On BSE, so far 50,000 shares were traded in the counter, compared with an average volume of 29,552 shares in the past one quarter. The stock hit a high of Rs 202 and a low of Rs 188.45 so far during the day. The stock hit a record high of Rs 211.90 on 23 December 2015. The stock hit a 52-week low of Rs 132.80 on 6 February 2015. The stock had outperformed the market over the past one month till 7 January 2016, rising 2.56% compared with 2.66% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 11.19% as against Sensex's 8.08% fall.

The mid-cap company has an equity capital of Rs 93.57 crore. Face value per share is Rs 5.

Ashoka Buildcon said that its wholly-owned subsidiary, Viva Highways (VHL), acquired 2.44 crore shares, or 8.51% equity, of Jaora-Nayagaon Toll Road Company (JTCL) from PNC infratech. VHL also acquired 50.22 lakh shares, or 1.75% equity, from SREI Venture Capital Trust — A/C Infrastructure Project Development Council (SREI).

Further, Ashoka Concessions, a subsidiary of Ashoka Buildcon, purchased 4.23 crore shares, or 14.74% equity, of JTCL from SREI.

Consecutively, Ashoka Buildcon now holds 10.26% stake in JTCL through Viva Highways and 37.74% stake in JTCL through Ashoka Concessions, aggregating 48% of share capital of JTCL.

JTCL executes the project to carry on the business of design, construction, finance, strengthening, widening, operation and maintenance on BOT basis for the four laning of Jaora-Nayagaon section of State Highways 31 in Madhya Pradesh.

On a consolidated basis, Ashoka Buildcon's net profit rose 590.5% to Rs 40.12 crore on 51.3% growth in net sales to Rs 650.59 crore in Q2 September 2015 over Q2 September 2014.

Ashoka Buildcon is a leading highway concessionaire and engineering, procurement and construction (EPC) company.