Shares of Dilip Buildcon Ltd. rose nearly 4% in intraday trade to Rs 559.9 apiece after the company informed the exchanges that National Highways Authority of India completed its probe on the accident at project site at Anandapuram-Pendurthi-Anakapalli NH05 in Andhra Pradesh on July 14, 2021.
The temporary restriction imposed on Dilip Buildcon from participating in NHAI bids will end on October 12.
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Dilip Buildcon is required to pay a penalty of Rs 3 crore with NHAI.
Of the 12 analysts tracking the company, nine maintained ‘buy’, two maintained ‘hold’ and one maintained ‘sell’ recommendations. The overall consensus price of analysts tracked by Bloomberg implied an upside of 15.1%.
Trading volume on the stock was 1.9 times the 30-day average volume for this time of the day.