MFs build position in Dilip Buildcon

Fund managers seem to be liking the Dilip Buildcon counter after it bagged a road project worth ~15.2 billion in Odisha from the National Highways Authority of India. The company has incorporated a special purpose vehicle to undertake this project. Some mutual funds (MFs) have been acquiring this stock in the past few weeks, say industry players. In a week, when stock markets collapsed globally, this stock has risen 6.5 per cent – from ~876 to ~933. In the past one year, the stock is up a whopping 240 per cent – from ~273 to ~933.