Ashoka Buildcon jumped 7.60% to Rs 113.30 at 10:20 IST on BSE after consolidated net profit jumped 110.89% to Rs 13.56 crore on 6.45% decline in net total income from operations to Rs 608.25 crore in Q4 March 2014 over Q4 March 2013.
The result was announced after trading hours on Tuesday, 13 May 2014.
Meanwhile, the BSE Sensex was down 18.78 points, or 0.08%, to 23,852.45.
On BSE, so far 29,000 shares were traded in the counter, compared with an average volume of 43,062 shares in the past one quarter.
The stock hit a high of Rs 126 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 105 so far during the day. The stock hit a record low of Rs 41.30 on 6 August 2013.
The stock had outperformed the market over the past one month till 13 May 2014, rising 12.32% compared with 5.49% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 80.93% as against Sensex's 18.21% rise.
The small-cap company has an equity capital of Rs 78.98 crore. Face value per share is Rs 5.
On a consolidated basis, Ashoka Buildcon's net profit rose 15.75% to Rs 97.44 crore on 3.12% decline in total income from operations (net) to Rs 1794.87 crore in the year ended March 2014 over the year ended March 2013.
Ashoka Buildcon is a leading highway concessionaire and engineering, procurement and construction (EPC) company.
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