Meanwhile, the S&P Sensex was down 71.37 points, or 0.24% at 29,855.97. The S&P BSE Mid-cap index was up 40.98 points, or 0.29% at 14,317.52.

On the BSE, 1.25 lakh shares were traded on the counter so far as against the average the daily volumes of 6.09 lakh shares in the past one quarter. The stock had hit a high of Rs 231.55 so far during the day, which is also its record high. The stock hit a low of Rs 209 so far during the day.

The stock had hit a 52-week low of Rs 111 on 7 April 2016. The stock had outperformed the market over the past one month till 6 April 2017, advancing 17.55% compared with the Sensex's 3.03% rise. The scrip had also outperformed the market over the past one quarter advancing 36.22% as against the Sensex's 11.84% rise.

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

Ashoka Buildcon said that it has received letter of award (LoA) from Mumbai International Airport (MIAL) and the LoA has been accepted by the company. It will be developing the land parcels located at Sahar (GVK SKY City Project) located near existing Chhatrapati Shivaji International Airport, Mumbai for development of commercial / office space of potential built up area of 1.08 lakh square meters for an aggregate lease period of 49 years.

The company will make payment of refundable security deposit amounting to Rs 329.35 crore and annual lease rental of Rs 15.24 crore to MIAL with an escalation of 15% every 3 years.

Ashoka Buildcon's net profit rose 114.7% to Rs 42.70 crore on 17.2% increase in net sales to Rs 517.74 crore in Q3 December 2016 over Q3 December 2015.

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