Dilip Buildcon Shares Gain On Multiple Order Win From NHAI
The company has been given new HAM projects in the states of Karnataka, Chhattisgarh, and Telangana.
Shares of Dilip Buildcon Ltd. rose over 5% on winning multiple orders from the National Highways Authority of India.
The company has been given new HAM projects in the states of Karnataka, Chhattisgarh, and Telangana, according to its exchange filings.
It won orders worth Rs 1,647 crore for the four-laning of a national highway in Telangana and Rs 1,955 crore for the construction of a four-lane national highway in Chhattisgarh. It also received another order worth Rs 1,589 crore for the development of a six-lane national highway in Karnataka.
The stock gained as much as 5.95% to reach Rs 243 per equity share before closing 4.30% higher at Rs 239.05.
The total traded quantity is 6.6 times the 30-day average volume.
Of the seven analysts tracking the company, four maintain a 'buy' and three suggest a 'hold' on the stock, according to Bloomberg data. The 12-month consensus price target implies an upside of 26.5%.