India's Dilip Buildcon rises on posting quarterly profit

Dilip Buildcon

04/08/2023 08:54

** Shares of Dilip Buildcon  DIBL.NS  up 5.45% to 326 rupees
    ** Highways and dam builder said its consol net profit for
the June-quarter is 126.8 million rupees ($1.53 million)
compared to loss of 539.4 million rupees a year ago
    ** Three out of 5 analysts rate stock a "buy" or above, two
rate it a "hold"; median PT is 255 rupees 
    ** About 2.5 million shares change hands as of 1:16 p.m.
IST,0.9x 30-day average of 2.8 million shares 
    ** Stock up 42.5% YTD as of last close

($1 = 82.8000 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))