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Dilip Buildcon hits record high

Capital Market 

Dilip Buildcon surged 5.81% to Rs 520 at 9:57 on after net profit jumped 222.5% to Rs 195.77 crore on 28.8% growth in net sales to Rs 1732.30 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 17 May 2017.

Meanwhile, the S&P Sensex was down 146.18 points or 0.48% at 30,512.59. The S&P Mid-Cap index was down 139.72 points or 0.93% at 14,937.25.

On the BSE, 1.16 lakh shares were traded on the counter so far as against the average daily volumes of 46,625 shares in the past one quarter. The stock had hit a high of Rs 529.45 so far during the day, which is a record high. The stock hit a low of Rs 509 so far during the day.

The stock had hit a record low of Rs 178.60 on 9 November 2016. It had outperformed the market over the past one month till 17 May 2017, surging 22.82% compared with the Sensex's 4.23% rise. The scrip had also outperformed the market over the past one quarter, gaining 79.53% as against the Sensex's 7.69% rise.

The mid-cap company has equity capital of Rs 136.77 crore. Face value per share is Rs 10.

Dilip Buildcon is a road-focused engineering procurement construction (EPC) contractor. The company develops infrastructure across the country in diverse areas such as roads & bridges, water sanitation & sewage, irrigation, industrial, commercial & residential buildings.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 18 2017. 09:59 IST