Meanwhile, the S&P BSE Sensex was up 85.02 points or 0.29% at 29,316.43.

On BSE, so far 74,000 shares were traded in the counter as against average daily volume of 16,320 shares in the past one quarter.

The stock hit a high of Rs 319.90 so far during the day, which is a record high for the counter. The stock hit a low of Rs 271 so far during the day. The stock had hit a 52-week low of Rs 76.10 on 25 February 2014.

The stock had outperformed the market over the past one month till 20 February 2015, surging 20.26% compared with Sensex's 1.55% rise. The scrip had also outperformed the market in past one quarter, jumping 51.02% as against Sensex's 4.15% rise.

The small-cap real estate firm has equity capital of Rs 20.47 crore. Face value per share is Rs 2.

Ashiana Housing announced the launch of residential project "Ashiana Anmol" located in Sohna (Gurgaon). The entire project is spread across 13.337 acres of land with total saleable area of approximately 11.50 lakhs sq. ft, the company said.

On consolidated basis, Ashiana Housing's net profit surged 223.3% to Rs 5.27 crore on 161% growth in net sales to Rs 35.84 crore in Q3 December 2014 over Q3 December 2013.

Ashiana Housing is a real estate company with focus on residential apartments.