Dilip Buildcon nears record high on strong order inflow

The stock has outperformed the market by gaining 27% in past one month as compared to 1% decline in the S&P BSE Sensex.

Shares of Dilip Buildcon moved up by 7% to Rs 1,030 on the BSE in noon deal, extending its 2% gain in past three trading sessions, after winning projects worth of about Rs 75.36 billion from the National Highways Authority of India (NHAI). The stock is trading close to its record high of Rs 1,059 touched on December 27, 2017 in intra-day trade.

Highways builder Dilip Buildcon on February 28 and March 1, announced that it has received letters of awards (LOA) worth of Rs 64.9 billion from the NHAI.

The company received LOA by the NHAI for