Meanwhile, the S&P BSE Sensex was down 286.65 points, or 0.95% to 29,839.56. The S&P BSE Mid-Cap index was down 169.19 points or 1.14% at 14,711.67.

Bulk deal boosted volume on the scrip. On the BSE, 1.36 crore shares were traded in the counter so far, compared with average daily volumes of 16,274 shares in the past one quarter. The stock had hit a high of Rs 118.85 and a low of Rs 103.75 so far during the day. The stock hit a record high of Rs 120.40 on 22 September 2016. The stock hit a 52-week low of Rs 81.05 on 9 November 2016.

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

On a consolidated basis, Sadbhav Infrastructure Project reported net loss of Rs 66.35 crore in Q3 December 2016, higher than net loss of Rs 139.51 crore in Q3 December 2015. Net sales declined 35.96% to Rs 322.14 crore in in Q3 December 2016 over Q3 December 2015.

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.