Dilip Buildcon rose 1.28% to Rs 360.20 at 9:42 IST on BSE after the company said its won two EPC projects in Maharashtra worth Rs 580.50 crore.
The announcement was made before trading hours today, 10 April 2017.Meanwhile, the S&P BSE Sensex was down 27.93 points, or 0.09% to 29,678.68.
On the BSE, 5,132 shares were traded in the counter so far, compared with average daily volumes of 39,896 shares in the past one quarter. The stock had hit a high of Rs 362.35 and a low of Rs 358 so far during the day.
The stock hit a record high of Rs 373.80 on 5 April 2017. The stock hit a record low of Rs 178.60 on 9 November 2016.
The stock had outperformed the market over the past one month till 7 April 2017, rising 11.63% compared with 2.69% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 55.31% as against Sensex's 11.01% rise.
The mid-cap company has equity capital of Rs 136.77 crore. Face value per share is Rs 10.
Dilip Buildcon has received Letter of Award (LoA) from the Ministry of Road Transport & Highways (MORTH), Government of India for two EPC (engineering, procurement and construction) road projects worth Rs 580.50 crore in Maharashtra.
The first project is for rehabilitation and up-gradation of two lane with paved shoulders on; EPC mode from Kalamb to Wadki (Kalamb - Ralegaon - Wadki). The second project is for rehabilitation and up-gradation of two lane with paved shoulder on EPC mode, from Majalgaon to Kaij.
Dilip Buildcon's net profit jumped 151.7% to Rs 108.64 crore on 41.9% rise in net sales to Rs 1388.43 crore in Q3 December 2016 over Q3 December 2015.
Dilip Buildcon is a road-focused engineering procurement construction (EPC) contractor. The company develops infrastructure across the country in diverse areas such as roads & bridges, water sanitation & sewage, irrigation, industrial, commercial & residential buildings.
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