Dilip Buildcon, IRB, Simplex Infra: Infra-related stocks can gain up to 10%

Larsen & Toubro and Engineers India need to hold above the key levels for further upside.

Shares of infra developers were seen trading with strong gains on Monday. Dilip Buildcon soared 7 per cent, Simplex Infrastructure was locked at the 5 per cent upper circuit. Whereas, other related stocks like IRB Infrastructure Developers, Larsen & Toubro and Engineers India were trading mixed.
 
Here’s the outlook for these stocks for the upcoming sessions:-
 
Dilip Buildcon Ltd (DBL)
Likely target: Rs 340
Upside potential:  10%
 
The shares of Dilip Buildcon soared another 7 per cent on Monday after skyrocketing 20 per cent last Tuesday. The stock managed to sustain above the 50-day moving average (DMA)