India's Dilip Buildcon up on emerging lowest bidder for $239 mln project

Dilip Buildcon

24/01/2023 06:30

** Shares of Dilip Buildcon  DIBL.NS  rise as much as 4.05%,
the most in three weeks, to 224.70 rupees
    ** The construction firm's unit emerges the lowest bidder
for a project worth 19.47 bln rupees ($238.64 mln), floated by
the Madhya Pradesh government
    ** About 587,473 shares change hands as of 11:43 a.m. IST,
1.5x the 30-day avg of 381,273 shares: Refinitiv data
    ** Of five analysts tracking the company, one maintains
"buy", one suggests "hold" and three recommend "sell"; median TP
is 303 rupees: Refinitiv data
($1 = 81.5875 Indian rupees)
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))