| The announcement was made before market hours today, 28 February 2017. Meanwhile, the BSE Sensex was down 7.56 points, or 0.03%, to 28,805.32. Higher than usual volumes were witnessed on the counter. On the BSE, 55,672 shares were traded in the counter so far, compared with average daily volumes of 36,138 shares in the past one quarter. The stock had hit a high of Rs 312.20 in intraday trade, which is also a record high for the stock. The stock had hit a low of Rs 300 so far during the day. The stock had hit a record low of Rs 178.60 on 9 November 2016. The stock had outperformed the market over the past one month till 27 February 2017, rising 23.28% compared with the Sensex's 3.34% rise. The scrip had also outperformed the market over the past one quarter, gaining 31.25% as against the Sensex's 9.49% rise. The mid-cap company has equity capital of Rs 136.77 crore. Face value per share is Rs 10. Dilip Buildcon announced the successful completion of rehabilitation and up-gradation of Mandla-Pindrai & Salimnabad-Vilayatkalan Major District Road intermediate laning/two laning with paved/hard shoulder in Madhya Pradesh on engineering procurement and construction (EPC) mode. The total project cost is Rs 190.80 crore. As the company has completed the project 185 days prior to the schedule completion period of the project the company is entitled to receive maximum allowable 3% bonus or Rs 5.72 crore of the project cost from the Madhya Pradesh Road development Corporation. Dilip Buildcon's net profit jumped 151.7% to Rs 108.64 crore on 41.9% rise in net sales to Rs 1388.43 crore in Q3 December 2016 over Q3 December 2015. Dilip Buildcon is a road-focused engineering procurement construction (EPC) contractor. The company develops infrastructure across the country in diverse areas such as roads & bridges, water sanitation & sewage, irrigation, industrial, commercial & residential buildings. Powered by Capital Market - Live News |