Dilip Buildcon Ltd

                                                      Dilip Buildcon Ltd

Dilip Buildcon is a "Construction Engineering Company", founded in 1987 and its headquarter is located in India. 

Recently Dilip Buildcon ltd was in news which took the stock at 5.74 % high and the closing price of the stock on friday was Rs 398.65, up by Rs 21.65 on NSE (National Stock Exchange). 

Dilip Buildcon has been declared the lowest bidder by Delhi Metro Rail Corporation (DMRC) Ltd for Rs 825.62 crore project. Dilip Buildcon Ltd through JV has been declared L-1 bidder for the project ‘part design and construction of elevated viaduct, elevated ramp, siding lines, viaduct for connection to Mukundpur depot and four elevated stations, Phase-IV of Delhi MRTS and partly integrated and partly independent flyover of PWD between Azadpur and Derawal Nagar on GT Road by Delhi Metro Rail Corporation Ltd,” the company said in a BSE filing.

The completion period of the 7.4-km work is 30 months, the filing said.

This is the positive news for Dilip Buildcon Ltd, you can accumulate from here. The concern for this stock is their quarterly result, which does not look good. PAT (Profit After Tax) has been decreasing consistenly but considering this news, we can expect that it could do well in the long run as well in the short term if market remains positive. From my prospective, the stock can move till Rs 430 ,on NSE, easily in the short term, almost 10% profit and if any dip happens just buy and add. Its good for a long term.