Dilip Buildcon hardens after winning new projects

Dilip Buildcon rose 1.98% to Rs 963.10 at 9:20 IST on BSE after the company was declared lowest bidder by the National Highways Authority of India for three new hybrid annuity projects valued at Rs 5390 crore in Karnataka and Jharkhand respectively.

The announcement was made before market hours today, 1 March 2018.

Meanwhile, the S&P BSE Sensex, was up 36.66 points or 0.11% to 34,220.70.

On the BSE, 4,347 shares were traded on the counter so far as against average daily volumes of 61,421 shares in the past one quarter. The stock had hit a high of Rs 980.05 and a low of Rs 955 so far during the day. The stock had hit a record high of Rs 1,059 on 27 February 2017 and a 52-week low of Rs 254 on 9 March 2017.

The stock had outperformed the market over the past one month till 28 February 2018, dropping 0.16% compared with the Sensex's 5.18% fall. The stock had, however, underperformed the market over the past one quarter, declining 4.07% as against the Sensex's 1.68% rise. The scrip had, however, outperformed the market over the past one year, surging 208.63% as against the Sensex's 18.93% rise.

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

Dilip Buildcon's net profit surged 51.6% to Rs 164.70 crore on 39.8% growth in net sales to Rs 1942.12 crore in Q3 December 2017 over Q3 December 2016.

Dilip Buildcon is a road-focused engineering procurement construction (EPC) contractor.

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