Share price of this small-cap stock moved up by 2.75 percent on NSE to Rs. 449.5 on Monday, compared to its previous closing price of Rs. 437.45, after the company received a Letter of Award (LoA) from the National Highways Authority of India (NHAI).
With a market cap of Rs. 6,027.3 crores, in the last one year, Dilip Buildcon Limited has delivered about 121.2 percent of multibagger returns and nearly 31.45 percent in the last six months. So far in 2024, it has delivered positive returns of around 13.06 percent.
According to the recent filings on the stock exchanges, Dilip Buildcon Limited has received a Letter of Award (LoA) for the tender floated by the National Highways Authority of India (NHAI) in the state of Tamil Nadu.
The order received by the company is for improving the alignment of the Thoppur Ghat Section on the Hybrid Annuity Mode (HAM), with a length of 6.6 kilometres.
The project costs Rs. 548 crore and has a completion period of 36 months with an operation period of 15 years from the COD.
In terms of financials, the revenue from operations of Dilip Buildcon grew by 0.98 percent QoQ from Rs. 2,849 crore in Q2 FY23-24 to Rs. 2,877 crore in Q3 FY23-24, accompanied by an increase in net profit of 54.8 percent from Rs. 73 crore in Q2 FY23-24 to Rs. 113 crore in Q3 FY23-24.
As of December 2023, FIIs hold 2.89 percent of the shares, whereas DIIs hold 9.11 percent of the shares in the company, aggregating to 12 percent of the institutional holdings.
Dilip Buildcon Limited is engaged in the business of Engineering, Procurement and Construction (EPC) company in India and undertakes contracts from various Government and other parties and special purpose vehicles promoted by the Company.
Written by Shivani Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
