Meanwhile, the S&P BSE Sensex was up 100.27 points, or 0.3% to 33,350.57. The S&P BSE Mid-Cap index was up 17.27 points or 0.1% at 17,061.63.

On the BSE, 1.01 lakh shares were traded in the counter so far, compared with average daily volumes of 1.77 lakh shares in the past one quarter. The stock hit a high of Rs 149.35 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 143.20 so far during the day. The stock hit a 52-week low of Rs 88.75 on 26 December 2016.

The stock had outperformed the market over the past one month till 8 December 2017, gaining 16.31% compared with the Sensex's 0.09% rise. The stock had also outperformed the market over the past one quarter, surging 43.63% as against the Sensex's 4.93% rise. The scrip had also outperformed the market over the past one year, advancing 59.67% as against the Sensex's 24.56% rise.

The mid-cap company has equity capital of Rs 352.23 crore. Face value per share is Rs 10.

Sadbhav Infrastructure Project said that the company has signed maintenance contract with its wholly owned subsidiary Sadbhav Vidarbha Highway worth Rs 150 crore for maintenance and repairs works during the development period and construction period for a road project. The project involves four laning of Waranga to Mahagaon section of NH-361 in Maharashtra under NHDP Phase - IV on hybrid annuity mode.

On a consolidated basis, Sadbhav Infrastructure Project reported net loss of Rs 93.09 crore in Q2 September 2017, lower than net loss of Rs 102.80 crore in Q2 September 2016. Net sales rose 43.99% to Rs 389.04 crore in Q2 September 2017 over Q2 September 2016.

Sadbhav Infrastructure Project is into development, operation and maintenance of road infrastructure assets. It undertakes turnkey contractual works and other than civil construction of the projects.