The project pertains to the "4-laning of Paramakudi to Ramanathapuram section of NH49 (New NH87) from Km 80.360 to Km 127.025 DC in the state of Tamil Nadu".
According to the filing, the project will be located in the Suwasra tehsil of Mandsaur district, with the requisite 315 acres of land to be provided by MPJNM.
The stock had touched a fresh 52-week high of Rs 587.90 in the previous session but relinquished most of its gains to finish in the red.
On the moving average front, the scrip remains comfortably above key levels — trading above its 50-day simple moving average of Rs 491.5 and 200-day SMA of Rs 468.2
Dilip Buildcon share price: The stock surged 5.42 per cent to hit a day high of Rs 479.25. It was last seen trading 4.07 per cent up at Rs 473.10. At this price, the scrip has fallen 10.67 per cent in the last six months.
Dilip Buildcon share price: The stock surged 5.35 per cent to hit a day high of Rs 581.55. At this price, it has gained over 50 per cent on a year-to-date (YTD) basis.
Superstar investors including Radhakishan Damani, Mukul Agarwal, Ashish Kacholia, Akash Bhansali and Dolly Khanna added atleast one new stock in their portfolio during the June 2024 quarter.
General elections: The project execution in the years of general elections fell by an average 5 per cent YoY in four prior instances. This was independent of whether there was a change in the government or not, InCred said.
Dilip Buildcon share price: The stock surged 10.31 per cent to hit a day high value of Rs 469. At this price, it has slipped 7.03 per cent from its one-year high of Rs 504.45, a level seen last month on February 19.
Dilip Buildcon share price: The stock surged 20 per cent to hit a 52-week high of Rs 460.50. At this price, the multibagger scrip has rallied 188.35 per cent from its one-year low price of Rs 159.70, a level seen on May 19 last year.
Dilip Buildcon's liquidity may be supported by the issuance of warrants. DBL is also entering into a strategic tie-up for selling a 26 per cent stake in the HAM assets, India Ratings said.





