India's Dilip Buildcon rises most in nearly 6 months on order win

Dilip Buildcon

04/10/2022 05:53

** Shares of construction and infrastructure development co
Dilip Buildcon  DIBL.NS  rise as much as 13.4% to 244 rupees,
highest since Sept. 20
    ** Stock posts its sharpest intraday gain since April 5
    ** Co said on Monday it received letter of acceptance for
Surat Metro Rail Project in Gujarat, through RBL-DBL joint
venture
    ** Order worth 10.61 bln rupees from Gujarat Metro Rail Corp
(GMRC) Ltd
    ** Over 425k shares traded by 0438 GMT, topping 30-day avg
of 326,547 shares
    ** Two of the six analysts covering the stock have a "buy"
or "strong buy" rating, three have "hold" while one rates it
"strong sell"; median PT is 303 rupees - Refinitiv Data
    ** Stock down 51.4% YTD up to last close
 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))