Research Icon - Dilip Buildcon declared as lowest bidder for HAM-based project; stock rises 2%

Dilip Buildcon Limited has been declared as L-1 bidder for a new HAM project viz. '4 lanes with paved shoulder configuration of Pathrapali-Kathghora (Km. 53.300 to Km. 92.600) Pkg-II of Bilaspur-Kathghora section of NH-111 New NH-130 in the State of Chhattisgarh under Bharatmala on Hybrid Annuity Mode by the National Highways Authority of India,” the company said to the exchange.

The company has been declared as L-1 bidder in the tender floated by the National Highways Authority of India.

The stock is currently trading at Rs387.70, up by Rs4.7 or 1.23% from its previous closing of Rs383 on the BSE.

The trading window for dealing in the securities of the Company for promoter, promoter group, Directors, KMPs, designated employees, designated persons, immediate relatives, specified person and connected person is already closed and shall continue till 48 hours after the declaration of financial results of the Company for the quarter ended December 31, 2019, it added.

The scrip opened at Rs385.25 and has touched a high and low of Rs394.55 and Rs384 respectively.

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