Dilip Buildcon rose over 6.5% today morning to Rs.603 levels. In fact for the past few days, ever since the month of March began, the stock has been in the green. Its 52-week high stands at Rs.1248.35.
The stock price has surged on news that it has been declared winner after emerging as the lowest bidder, known an L-1 in civil construction parlance, by the National Highways Authority of India (NHAI).
This project is worth Rs.480 crore and for four laning in Maharashtra - Saoner-Dhapewada-Kalmeshwar-Gondkhairi, NH-547E, from km 4.700 to km 33.575.