Meanwhile, the S&P BSE Sensex was down 136.77 points or 0.6% at 22,578.56.

On BSE, so far 3.70 lakh shares were traded in the counter as against average daily volume of 5.50 lakh shares in the past two weeks.

The stock hit a high of Rs 48.80 and a low of Rs 44.65 so far during the day.

Shares of NCC have rallied 25.85% in three trading sessions from Rs 38.10 on 7 April 2014, after the company during trading hours on Wednesday, 9 April 2014 said subject to the requisite statutory & regulatory approvals and other consents/approvals as may be necessary, the board of directors at its meeting held on Wednesday, 9 April 2014, approved raising of funds upto an amount of Rs 650 crore through rights issue of equity shares to the existing members of the company. The terms and conditions of the rights issue including the rights entitlement ratio, the issue price, issue size, record date, timing of the rights issue and other related matters shall be decided subsequently by the Board/a duly constituted Committee of the Board in consultation with the lead managers to the rights issue, NCC said.

NCC's consolidated net profit declined 61.6% to Rs 4.76 crore on 23.5% growth in net sales to Rs 1879.03 crore in Q3 December 2013 over Q3 December 2012.

NCC's range of business verticals comprising of buildings & housing, transportation, water & environment, irrigation, power, electricals, metals, oil & gas and international business reflect an expertise positioned to capture every infrastructure upturn.