Dilip Buildcon - Q2 FY21 Result Update - YES Securities

Dilip Buildcon (Q2 FY21) - ADD (Target Rs391, Upside 12%)

DBL has witnessed strong order inflows during last few months and is comfortably placed in terms of order book. Overall, we expect DBL to recover large part of revenue lost during Q1 FY21 and end FY21 with marginal revenue decline. Operating margin is likely to move back towards ~17% levels in coming quarters. Development on asset monetization would strengthen the balance sheet. We retain our estimates and maintain our ADD rating on the stock for target of Rs.391 (based on SOTP valuation).

YES Securities - Dilip Buildcon (Q2 FY21) - 20201109

Shares of Dilip Buildcon Ltd was last trading in BSE at Rs.347.9 as compared to the previous close of Rs. 347.05. The total number of shares traded during the day was 12671 in over 570 trades.

The stock hit an intraday high of Rs. 358.05 and intraday low of 347.85. The net turnover during the day was Rs. 4464719.

Source : Equity Bulls

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