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Dilip Buildcon soars on emerging as L-1 bidder for project in Delhi

Dilip Buildcon is currently trading at Rs. 386.10, up by 9.00 points or 2.39% from its previous closing of Rs. 377.10 on the BSE.

The scrip opened at Rs. 380.00 and has touched a high and low of Rs. 386.40 and Rs. 380.00 respectively.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 733.85 on 19-Mar-2019 and a 52 week low of Rs. 311.55 on 05-Feb-2019.

Last one week high and low of the scrip stood at Rs. 397.30 and Rs. 376.15 respectively. The current market cap of the company is Rs. 5157.59 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 15.65% and 9.36% respectively.

Dilip Buildcon has been declared L-1 bidder through Joint Venture by Delhi Metro Rail Corporation. The project is for ‘Part Design and Construction of Elevated Viaduct, Elevated Ramp, Siding lines, Viaduct for connection to Mukundpur Depot and four Elevated Stations, Phase-IV of Delhi MRTS and partly integrated and partly independent flyover of PWD between Azadpur and Derawal Nagar on GT Road.

Dilip Buildcon’s core business is undertaking construction projects across India in the roads and irrigation sectors. They specialize in constructing state and national highways, city roads, culverts and bridges.

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