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Dilip Buildcon zooms after its JV receives LOA for project in Gujarat

23 Jul 2020 Evaluate
Dilip Buildcon is currently trading at Rs. 303.30, up by 21.30 points or 7.55% from its previous closing of Rs. 282.00 on the BSE.

The scrip opened at Rs. 281.80 and has touched a high and low of Rs. 307.50 and Rs. 281.00 respectively. So far 39574 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 477.40 on 12-Sep-2019 and a 52 week low of Rs. 193.40 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 307.50 and Rs. 275.00 respectively. The current market cap of the company is Rs. 3860.33 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 15.46% and 9.54% respectively.

Dilip Buildcon's joint venture (JV) -- Dilip Buildcon-HCC has received letter of acceptance (LOA) for a new EPC project 'Construction of Bhadbhut Barrage, Flood Protection Embankments and associated works across River Narmada Near Village Bhadbhut of Bharuch District by Narmada, Water Resources, Water Supply and Kalpasar Department (Water Resources), Gujarat.' The JV has received the letter of acceptance on July 22, 2020.

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 1155.00
Prestige EstatesProj 1477.95
Dilip Buildcon 412.15
DLF 670.70
Oberoi Realty 1836.05
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