Meanwhile, the BSE Sensex was down 63.35 points, or 0.23%, to 27,683.31.

On BSE, so far 66,775 shares were traded in the counter, compared with an average volume of 63,269 lakh shares in the past one quarter. The stock hit a high of Rs 170.30 and a low of Rs 160 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 outperformed the market over the past one month till 18 July 2016, gaining 19.65% compared with Sensex's 4.21% rise. The scrip had also outperformed the market in past one quarter, advancing 10.4% as against Sensex's 7.48% rise.

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

Ashoka Buildcon announced that the company's subsidiary Ashoka Concessions (ACL) emerged as the lowest bidder for the National Highways Authority of India (NHAI) road project for 4/6 laning of Kharar to Ludhiana section of NH-95 in Punjab on hybrid annuity mode. The company quoted a bid project cost of Rs 1600 crore.

On a consolidated basis, Ashoka Buildcon reported net loss of Rs 7.31 crore in Q4 March 2016 compared with net profit of Rs 37.81 in Q4 March 2015. Net sales fell 10.8% to Rs 714.96 crore in Q4 March 2016 over Q4 March 2015.

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