This construction company got approval for Rs 3544 crore orders from NHAI under the Bharatmala Pariyojana Scheme!
In 1 month, the stock is up 10.51 per cent while in 6 months, the stock is up 24.81 per cent respectively.
Today, shares of Dilip Buildcon Ltd (DBL) are trading at Rs 244 apiece, up by 6.46 per cent. Recently, the company won 2 large orders of Rs 1955 crore and Rs 1589 crore respectively from the National Highways Authority of India (NHAI) under the Bharatmala Pariyojana Scheme.
The construction includes the building of 4 lane road (length – 87.55 km) from Urga to Pathalgaon in Chhattisgarh State and 6 lane road (length – 65.50 km) from Maradgi Angola to Baswantpur in Karnataka State. In addition, each project will be completed in 15 years under the hybrid annuity mode.
Dilip Buildcon Ltd is currently engaged in the development of engineering, procurement & construction (EPC) infrastructures and has entered into contracts with various governments and other parties as well as special purpose vehicles promoted by the company. The company announced positive results in its quarterly and annual financial statements. In Q2FY22, the company reported a net loss of Rs 445 crore, it increased significantly to 103 per cent and posted a net profit of Rs 13 crore in Q2FY23.
The shareholding pattern of the company consists of 70.15 per cent promoter, 6.31 per cent FIIs, 9.12 per cent DIIs and 14.42 per cent public ownership. In 1 month, the stock is up 10.51 per cent while in 6 months, the stock is up 24.81 per cent respectively. Investors should keep an eye on this stock.
Related articles
-
Don't miss action in this stock that has announced rights issue worth Rs 49,52,21,505!
-
Low PE high ROE stock: This mid-cap construction company declared the L1 (lowest) bidder for projects worth Rs 2004.43 crore!
-
This small-cap civil construction company has secured an order worth Rs 169 crore
-
Multibagger in just 1 year: This small-cap company has received an order worth Rs 10.85 crore!
-
This small-cap construction company receives orders worth Rs 1,955 crore!
-
Multibagger stock below Rs 100: This mid-cap company receives order worth Rs 206.67 crore!
-
Multibagger stock below Rs 250: Don't miss action in this stock that has announced rights issue!
-
Stock below Rs 100: This PSU company receives order worth Rs 300 crore!
-
This company receives its single biggest order worth Rs 26,000 crore!
-
Stock below Rs 40: This small-cap stock bags order worth Rs 2288.32 lakh!
-
Stock below Rs 25: Keep an eye on this stock, which was locked in the upper circuit on January 05
-
Stock below Rs 200: This small-cap company bags multiple contracts of worth Rs 200 crore!
-
Don't miss action in this stock that has announced bonus shares!
-
Stock below Rs 50: Keep an eye on this multi-bagger PSU stock which gave a return of more than 120 per cent
-
Do you own this small-cap stock that got approval for a Rs 1,668.50 crore project from NHAI?
-
Stock under Rs 40: This small-cap company has received orders worth Rs 73,97,000!
-
This small-cap company bags purchase order worth Rs 14.49 crore!
-
Multibagger in just 1 year: Shares of this company were locked in upper circuits as it received projects worth Rs 1,225 crore!
-
Stock below Rs 20: Don’t miss action in this stock that has announced rights issue!
-
Low PE high ROE stock: This mid-cap construction company declared the L1 (lowest) bidder for a project worth Rs 771.46 crore!