Shares of Dilip Buildcon continued to rell under selling pressure, with the stock hitting a fresh 52-week low at Rs 394, down 3 per cent on the BSE in Friday’s intra-day trade. The stock of roads & highways construction company has dipped below its previous low of Rs 403 touched on January 25, 2021.
In the past five weeks, the stock price of Dilip Buildcon has tanked 30 per cent despite the company clarifying that there has not been any ‘raid at the official and residential premises of company.
“In this regard, it is clarified that the team of the investigation agency (Central Bureau of Investigation) visited the company premises and the residence of the concerned Executive Director at Bhopal on 31-12-2021 and sought some operational and financial information about certain officials and employees of the company,”
