The mid-cap company, Dilip Buildcon saw a stark surge in its stock value as the company made the announcement of winning two massive EPC (engineering, procurement and construction) road projects in Maharashtra on April 10, 2017.
The projects sanctioned by the Ministry of Road Transport and Highways are likely to contribute to the rehabilitation and up-gradation of existing road networks in Maharashtra with a cumulative investment of Rs 580.50 crore.
The stock outperformed the market over the past one month with a rise of 11.63% on bourses as compared to a 2.69% increase in the Sensex. Whereas, the scrip also outperformed the market in the past one quarter, increasing by 55.31% against an increase of 11.01% in the Sensex.
As on April 10, 2017, the EPC giant Dilip Buildcon surged by 1.79%, trading at Rs 362 on the BSE at 11:52 hrs. While stock traded at Rs 362 on the NSE, up by 1.89% at the same time.