On Tuesday this small-cap stock jumps more than 3% after the company received an order worth Rs. 396.93 Cr. The stock has delivered 74% returns in six months and 41% returns in one year. The company stocks are trading 9.8% away from the 52-week high and above the 50-day and 200-day moving averages.
Dilip Buildcon Ltd
Dilip Buildcon Ltd the company has a market capitalisation of Rs. 4,620 Cr making it a small-cap company. On Tuesday the stock rose more than 3%, at 15:10 p.m., shares were trading 2.1% up at Rs. 315.95 on BSE.
According to the BSE filing, Dilip Buildcon Limited has received a letter of acceptance and signed the agreement for a new project.
The project is for the Planning, Design, and Construction of Dewas III and IV Dams Teshil- Gogunda Udaipur District in Rajasthan. On Engineering Procurement and Construction (EPC) turn-key basis, including 10 years O&M. The order is worth Rs. 396.93 Cr and the project will be completed in 44 months.
The company’s total revenue grew by 1.3% from Rs. 2,906.22 Cr in Q1 FY23 to Rs. 2,944.29 Cr in Q1 FY24 and the company posted a net profit of Rs. 12.30 Cr in Q1 FY24 against a loss of 55.10 Cr in Q1 FY23.
As per the latest shareholding data, Promoters hold 70.15%, FIIs hold 2.56%, DIIs hold 9.03% and the public hold a 18.26% stake in the company.
Dilip Buildcon Ltd is engaged in the road construction business. On an engineering, procurement and construction basis, it develops infrastructure facilities and accepts contracts from the government, other parties, and special-purpose vehicles.
Written by Sheshadri N
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