Dilip Buildcon is buzzing loud today, opening over 5% higher at Rs.283.55 and going up to an intraday high at Rs.284.85. The stock had hit a new 52-week low yesterday at Rs.266.90; in fact it had been hitting new lows consistently for the pat few days.
The stock has reacted positively to its announcement that it has been declared as L-l bidder for a new HAM project under Raipur-Visakhaprtnam in the state of Chhattisgarh. The length of the road is 56.70 kms.
This is an order worth Rs.1141 crore.
The completion period is 24 months and operation period of 15 years from completion date.