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Dilip Buildcon surges with its JV emerging as L-1 bidder for EPC project in Karnataka

17 Jul 2019 Evaluate

Dilip Buildcon is currently trading at Rs. 424.50, up by 7.25 points or 1.74% from its previous closing of Rs. 417.25 on the BSE.

The scrip opened at Rs. 421.90 and has touched a high and low of Rs. 425.50 and Rs. 419.00 respectively. So far 2371 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 915.75 on 06-Aug-2018 and a 52 week low of Rs. 311.55 on 05-Feb-2019.

Last one week high and low of the scrip stood at Rs. 432.00 and Rs. 407.80 respectively. The current market cap of the company is Rs. 5706.72 crore.

The promoters holding in the company stood at 75.63%, while Institutions and Non-Institutions held 16.09% and 8.28% respectively.

Dilip Buildcon and Shaanxi Road & Bridge Group Company’s joint venture (JV) -- DBL-SRBG has been declared L-1 bidder by the Ministry of Road Transport & Highways, New Delhi for a new EPC project in the state of Karnataka.

The project is for Construction of extra-dosed bridge across Sharavathi Backwaters and approaches between Ambargodu and Kalasavam of NH-369E in the state of Karnataka.

Dilip Buildcon’s core business is undertaking construction projects across India in the roads and irrigation sectors. They specialize in constructing state and national highways, city roads, culverts and bridges.

Peers
Company Name CMP
Lodha Developers 1160.45
Prestige EstatesProj 1469.65
Dilip Buildcon 412.95
DLF 679.20
Oberoi Realty 1859.00
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