Dilip Buildcon jumps on getting provisional completion certificate for Telangana Project
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Dilip Buildcon is currently trading at Rs. 439.90, up by 7.30 points or 1.69% from its previous closing of Rs. 432.60 on the BSE.
The scrip opened at Rs. 440.85 and has touched a high and low of Rs. 455.40 and Rs. 439.30 respectively. So far 34180 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. 491.65 and Rs. 430.30 respectively. The current market cap of the company is Rs. 6434.92 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 received provisional completion certificate from authority for the project of Four laning of NH-161 from Mangloor to Telangana/Maharashtra Border in the State of Telangana under Bharatmala Pariyojana on Hybrid Annuity Mode. The authority had declared the project fit for entry into commercial operation as on December 15, 2021. The project cost is Rs 936 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.
