Synopsis
The dream run of the stock suffered a sudden jolt in May-end, when it corrected over 25% in the span of two days. The company has a unique strategy to execute projects, but the latest turn of events has prompted investors to put its financials under scrutiny.
The last two days of May saw the stock of Dilip Buildcon take a stumble in what has been an otherwise meteoric rise, outperforming the CNX Nifty50 and construction-sector major Larsen & Toubro over the past one year. Over the course of the two days, the company lost over INR3,000 crore of its market capitalisation and has since been gaining back valuation at a snail’s pace.Dilip Buildcon’s setback mirrors the rough patch that the midcap
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