Dilip Buildcon hit 52-week high on strong Q4 results
DSIJ Intelligence / 18 May 2017
The company hit its 52- week high, trading at Rs 529.45, up by nearly 8 per cent on the BSE as the market opened. The result was announced yesterday, May 17, 2017, post market hours.
As the real estate major, Dilip Buildcon, reported a 222.5 per cent hike in its net profit to Rs 195.77 crore and a 28.8 per cent hike in the net sales of Rs 1,732.30 crore for the fourth quarter of the fiscal year 2017, its stock surged on the bourses.
The company hit its 52- week high, trading at Rs 529.45, up by nearly 8 per cent on the BSE as the market opened. The result was announced yesterday, May 17, 2017, post market hours.
Even as the S&P BSE Sensex came down by 146.18 points to 30,512.59, and the S&P BSE Mid-Cap index reduced by 139.72 points to 14,937.25. While the stock hit a low of Rs 509 till 11:00 hrs IST during the day.
The stock had outperformed the market over the previous month till May 17, 2017, soaring by 22.82 per cent against a 4.23 per cent rise in the Sensex.
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