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DBL Dilip Buildcon News Story

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in flag iconLast trade - 00:00
IndustrialsAdventurousMid CapNeutral

India's Dilip Buildcon rises as quarterly profit surges, margins expand

** Shares of infra firm Dilip Buildcon DIBL.NS rises 3.5% to 490.50 rupees

** Co's Q1 consol net profit nearly doubled y/y, net profit margins expands to 9.57% from 4.43% y/y

** Trading volume at 630,000 shares vs 30-day avg of nearly 175,000 shares

** Stock rated "hold" on avg; median TP 443 rupees - LSEG data

** YTD, stock up 9%

($1 = 87.2225 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)

 ((Hritam.Mukherjee@thomsonreuters.com;))

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