India's Dilip Buildcon climbs most in nearly a month on order win

Dilip Buildcon

20/02/2023 04:59

** Shares of Dilip Buildcon  DIBL.NS  up as much as 3% at
214.25 rupees, their highest since Feb. 13
    ** Set for sharpest intraday gain since Jan. 24, if trends
hold
    ** Construction and engineering co said it received letter
of acceptance for project worth 19.47 billion rupees ($235.5
million) from Madhya Pradesh Jal Nigam Maryadit 
    ** DIBL remains below 50-, 100-, and 200-day moving
averages, indicating bearish sentiment 
    ** Three of 5 brokerages on co rate it as hold, while 1
rates it a "strong buy", and 1 recommends "sell", median PT is
263 rupees
    ** More than 249,126 shares change hands, as of 10:04 a.m.
IST, 1.2x 30-day average of 205,477 shares 
    ** Stock down 4.2% YTD as of last close, after losing 51%
last year
($1 = 82.6750 Indian rupees)
 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com;))