Dilip Buildcon zooms on incorporating new SPV Company

Dilip Buildcon is currently trading at Rs. 547.80, up by 9.20 points or 1.71% from its previous closing of Rs. 538.60 on the BSE.

The scrip opened at Rs. 542.05 and has touched a high and low of Rs. 551.25 and Rs. 542.05 respectively. So far 13799 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 719.00 on 04-Mar-2021 and a 52 week low of Rs. 320.80 on 30-Oct-2020.

Last one week high and low of the scrip stood at Rs. 601.80 and Rs. 537.15 respectively. The current market cap of the company is Rs. 8006.00 crore.

The promoters holding in the company stood at 70.15%, while Institutions and Non-Institutions held 21.52% and 8.32% respectively.

Dilip Buildcon has incorporated ‘Bangarupalem Gudipala Highways’. The new SPV will be wholly owned subsidiary of Dilip Buildcon.

Dilip Buildcon’s core business is undertaking construction projects across India in the roads and irrigation sectors. They specialize in constructing state and national highways, city roads, culverts and bridges.

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