Meanwhile, the BSE Sensex was down 74.43 points, or 0.29%, to 25,630.18.

On BSE, so far 66,000 shares were traded in the counter, compared with an average volume of 1.69 lakh shares in the past one quarter. The stock hit a high of Rs 145.65 and a low of Rs 139.20 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 111 on 7 April 2016. The stock had underperformed the market over the past one month till 18 May 2016, falling 4.91% compared with 0.43% decline in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 22.02% as against Sensex's 8.69% rise.

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

Ashoka Buildcon had submitted its bid to the National Highways Authority of India (NHAI) for the proposed project of two/four laning with paved shoulders of Govindpur (Rajgunj)-Chas-West Bengal Border section of national highway (NH)-32 in Jharkhand on NHDP Phase-IV on EPC mode.

The company said it emerged as the lowest bidder at the financial bid opening meeting held on 18 May 2016 at New Delhi. The company quoted cost of the project is Rs 486 crore.

On a consolidated basis, Ashoka Buildcon's net profit surged 935.9% to Rs 13.26 crore on 32.3% rise in net sales to Rs 602.10 crore in Q3 December 2015 over Q3 December 2014. The company will declare Q4 results on 20 May 2016.

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