Dilip Buildcon recovers on bargain hunting

Dilip Buildcon rose 1.31% to Rs 582 at 9:25 IST on BSE, with the stock recovering on bargain hunting after recent slide.

Meanwhile, the S&P BSE Sensex was up 44.77 points or 0.14% at 31,747.02. The S&P BSE Small-Cap index rose 114.95 points or 0.72% at 16,145.10.

On the BSE, 2,164 shares were traded on the counter so far as against the average daily volumes of 81,416 shares in the past one quarter. The stock had hit a high of Rs 582 and a low of Rs 577.10 so far during the day. The stock had hit a record high of Rs 637.55 on 30 August 2017 and a record low of Rs 178.60 on 9 November 2016.

The stock had outperformed the market over the past one month till 4 September 2017, advancing 9.32% compared with the Sensex's 1.93% fall. The stock had also outperformed the market over the past one quarter, gaining 32.43% as against the Sensex's 1.37% rise. The scrip had also outperformed the market over the past one year, advancing 140.53% as against the Sensex's 11.11% rise.

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

Shares of Dilip Buildcon had fallen 7.7% in the preceding four trading sessions to settle at Rs 574.50 yesterday, 4 September 2017, from its closing of Rs 622.45 on 29 August 2017.

Dilip Buildcon's net profit surged 147.3% to Rs 122.64 crore on 59.7% growth in net sales to Rs 1664.09 crore in Q1 June 2017 over Q1 June 2016.

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.

Powered by Capital Market - Live News