Dilip Buildcon rises on completing Maharashtra HAM project

Dilip Buildcon is currently trading at Rs. 429.20, up by 1.25 points or 0.29% from its previous closing of Rs. 427.95 on the BSE.

The scrip opened at Rs. 425.95 and has touched a high and low of Rs. 431.00 and Rs. 423.05 respectively. So far 27174 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 749.30 on 13-Oct-2021 and a 52 week low of Rs. 389.30 on 06-Jan-2021.

Last one week high and low of the scrip stood at Rs. 473.95 and Rs. 423.05 respectively. The current market cap of the company is Rs. 6272.62 crore.

The promoters holding in the company stood at 70.15%, while Institutions and Non-Institutions held 21.87% and 7.98% respectively.

Dilip Buildcon has completed ‘Four Laning of Wardha-Butibori Section of NH-361 from km 465.500 to length 524.690 (design length 59.190 km) under NH (O) in the State of Maharashtra on Hybrid Annuity Mode’. The Completion Certificate has been issued by the authority on January 04, 2022 and has declared the project fit for entry into commercial operation as on January 04, 2022. The project cost is Rs 1065.51 crore.

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.