Dilip Buildcon declared L1 bidder for projects worth Rs 2,439 cr; stk up 4%

The company's wholly owned subsidiary - Dodaballapur Hoskote Highways has also received the appointed date letter from NHAI for Rs 1,278 crore HAM project

Shares of Dilip Buildcon shot up 4 per cent to Rs 657 on the BSE on Wednesday after the company announced that it has been declared as L-1, or lowest bidder, for two new Hybrid Annuity Mode (HAM) projects 'Bangalore Chennai Expressway under Bharatmala Pariyojna in the state of Karnataka, Phase -I (Package- I & II) worth Rs 2,439 crore.

The stock hit a fresh 52-week high today, rallying 54 per cent in the past one month, as compared to 2.4 per cent rise in the S&P BSE Sensex. In the past three months,  the stock has zoomed 80