Shares of this civil construction company surged more than 9 per cent after securing an order worth Rs 780.12 crore!
The order is under Bharatmala Pariyojana in the state of Andhra Pradesh.
On March 27, 2023, Dilip Buildcon Limited informed in the exchange filing that the company has declared as an L-l bidder for the tender floated by the National Highway Authority of India on a Hybrid basis in the state of Andhra Pradesh.
The work order involves the development of a six-lane access-controlled greenfield highway from Audireddipalle to Aallapalle of Bengaluru Vijayawada economic corridor on HAM mode under Bharatmala Pariyojana Phase 1 in the state of Andhra Pradesh.
Dilip Buildcon is in the business of the development of infrastructure undertaking construction projects across India in the roads and irrigation sectors. They specialize in constructing state and national highways, city roads, culverts and bridges. The company undertakes government contracts and other parties.
Today, the stock opened at Rs 179.30 and made a high and low of Rs 192.90 and Rs 177.30. The stock previously closed at Rs 175.25. Currently, the stock is trading at Rs 189.90, up by 8.36 per cent.
In the last 6 months the shares of the company have given about -10 per cent returns and on a YTD basis 12 per cent decline in the stock.
The stock has a 52-week high of Rs 317.35 and a 52-week low of Rs 174.60. The company has a ROCE of 3.16 per cent and an ROE of -14.1 per cent. The company has a market capitalization of Rs 2,781 crore.