The company made the announcement about preferential issue during trading hours today, 9 December 2014.

Meanwhile, the BSE Sensex was down 279.45 points, or 0.99%, to 27,839.95.

On BSE, so far 45,552 shares were traded in the counter, compared with an average volume of 1.32 lakh shares in the past one quarter.

The stock hit a high of Rs 221.80 and a low of Rs 198.75 so far during the day. The stock hit a 52-week high of Rs 237.40 on 4 December 2014. The stock hit a 52-week low of Rs 21.15 on 20 January 2014.

The stock had outperformed the market over the past one month till 8 December 2014, rising 42.84% compared with 0.9% rise in the Sensex. The scrip had also outperformed the market in past one quarter, jumping 28.45% as against Sensex's 2.93% rise.

The mid-cap construction firm has an equity capital of Rs 12.55 crore. Face value per share is Rs 2.

Ahluwalia Contracts (India) said it has completed the allotment of 42.25 lakh shares to promoters, Mr. Bikramjit Ahluwalia and Mrs. Sudershan Walia. The shares were issued to these promoters at a price of Rs 118 per share on preferential basis for a total consideration of Rs 49.85 crore. The capital infusion will help the company to repay the short term loans & maintain the long term working capital.

Shobit Uppal, Dy. Managing Director said that as on 30 September 2014, the company's net order book was Rs 3502.02 crore and the company expects to execute these orders during next 24-30 months.

Ahluwalia Contracts (India)'s net profit jumped 1312.2% to Rs 16.24 crore on 8.6% fall in total income to Rs 242.28 crore in Q2 Septemeber 2014 over Q2 September 2013.