Yes Securities has buy call on
Dilip Buildcon with a target price of Rs 663. The current market price of Dilip Buildcon Ltd. is Rs 545.1. Time period given by analyst is 1 year when Dilip Buildcon price can reach defined target.
Dilip Buildcon Ltd., incorporated in the year 2006, is a Mid Cap company (having a market cap of Rs 7905.84 Crore) operating in Construction sector. Dilip Buildcon Ltd. key Products/Revenue Segments include Contract Revenue and Other Operating Revenue for the year ending 31-Mar-2020.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 3143.48 Crore, up 13.94 % from last quarter Total Income of Rs 2758.93 Crore and up 14.71 % from last year same quarter Total Income of Rs 2740.47 Crore. Company reported net profit after tax of Rs 168.76 Crore in latest quarter.
Shares of Dilip Buildcom jumped nearly 5 per cent in intra-day trade on Friday, defying the market trend, to scale a fresh 52-week high of Rs 697 on the BSE after the firm emerged as the lowest bidder for orders worth Rs 2,241 crore. Dilip Buildcon has been declared as L-1 bidder for two new National Highways Authority of India HAM projects under Bharatmala Pariyojana, Phase I in Tamil Nadu and Puducherry for orders worth Rs 2,241 crore, the company said in a BSE filing.
The project involves four-laning of the Viluppuram Puducherry section of NH 45A (New NH 332) and Puducherry-Poondiyankuppam section of NH 45A under Bharatsnala Pariyoiana Phase I.
Shares of Dilip Buildcon shot up 4 per cent to Rs 657 on the BSE on Wednesday after the company announced that it has been declared as L-1, or lowest bidder, for two new Hybrid Annuity Mode (HAM) projects Bangalore Chennai Expressway under Bharatmala Pariyojna in the state of Karnataka, Phase -I (Package- I & II) worth Rs 2,439 crore.
The stock hit a fresh 52-week high today, rallying 54 per cent in the past one month, as compared to 2.4 per cent rise in the S&P BSE Sensex. In the past three months, the stock has zoomed 80 per cent, against 12 per cent gain in the benchmark index.