India's Dilip Buildcon rises on winning $131 mln project

Dilip Buildcon

09/04/2024 05:08

** Shares of construction firm Dilip Buildcon  DIBL.NS  up 3.3%,
paring back gains of 7% in opening minutes of trade
    ** DIBL on track for a fourth consecutive session of gains
    ** Co wins project worth 10.92 bln rupees ($131.2 mln)
floated by the Haryana Rail Infrastructure Development Corp
    ** More than 809,000 shares change hands in early trade,
1.2x the 30-day avg
    ** Average rating of four analysts covering the stock is
"buy"; median PT is 449 rupees - LSEG data
    ** DIBL up 26% YTD, while peers Larsen and Toubro  LART.NS ,
Rail Vikas  RAIV.NS  and GMR Airports Infrastructure  GMRI.NS 
are up between 6%-44%
    
($1 = 83.2270 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))