INSUBCONTINENT EXCLUSIVE:
The steep fall in the shares of Dilip Buildcon has made mutual funds poorer by nearly Rs 400 crore in just 12 sessions
As many as 30 mutual fund schemes were holding over 82 lakh shares of the company as of April 30, 2018
Schemes of BOI AXA Investment Managers, DSP BlackRock Investment Managers, Edelweiss Asset Management, Escorts Asset Management, HDFC AMC,
IDFC AMC and Motilal Oswal Midcap 100 ETF had Dilip Buildcon among their key holdings.
The scrip has plunged nearly 40 per cent to hit an
auditors, it has clarified that the rumours are unfounded
another 10 per cent in afternoon trade on Thursday.
The highways sector player on Wednesday posted an 11.01 per cent rise in standalone net
profit at Rs 217.7 crore for March quarter compared with Rs 196.1 crore posted for the year-ago period.
Total income rose to Rs 2,562 crore
from Rs 1,753.5 crore, while total expenses grew to Rs 2,283.8 crore from Rs 1,563 crore during this period.
