Stock Market Tips: In the current range-bound market scenario, where the 50-stock Nifty was not able to show follow-through weakness today and closed the day higher. The lower area of 11,550 level has offered support for the Nifty and led to an upside bounce in today's session. It has put stock market investors in limbo as FIIs have become neutral and global cues are not as positive as it was last week. So, share market experts are advising investors to pick stocks after checking even the minute details of the counter. On the basis of that market, experts are advising investors to think of buying Dilip Buildcon scrip as both its fundamentals and technicals are showing upside potential for around 35 per cent in next three to six month. Expert's opinion suggests that the counter may show Rs 833/stock levels in mid-term perspective means three to six month from the current Rs 611/stock levels, which is its close on April 9.

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Giving details of the Dilip Buildcon fundamentals Parikshit Kandpal, Analyst, HDFC Securities said, "We attended Dilip Buildcon Ltd. (DBL) Analyst Meet/Zuari Bridge Site Visit in Goa on 5th/6th April 2019. As per DBL this is the 2nd largest Cable Suspension bridge being built in India. This is a MORTH funded project with a total length of 13.6km including an elevated road of 8km and a cable suspension bridge on Zuari River of 640m length." He said that Rs 14bn is the total cost of all 3 packages and the project is expected to be completed by 5th Oct 2020, a delay of 18months. DBL has got ‘Extension of Time’ for the same as there were delays owing to land acquisition; still about 5-10 per cent land is not in possession.

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"We expect this project to open qualifications for  DBL  in newer segments in Marine and other water-related infrastructure projects.  Marine segment is a high margin business with limited competition and large value jobs in Ports,  Break Water, Dredging, Defence Coastal platforms, etc. Besides marine this project will open doors for opportunities like Namami Gange for DBL," said Parikshit Kandpal of HDFC Securities.

On his suggestion to the market investors in regard to the Dilip Buildcon counter, Parikshit Kandpal of HDFC Securities said, "The fundamentals of the counter suggests an upside potential and the DBL scrip may show the levels of Rs 833/stock." Currently, the stock is oscillating around Rs 610/stock levels.

Standing in sync with HDFC views Simi Bhaumik, a SEBI registered technical equity analyst said, "Technically the DBL counter is highly bullish. It can show around Rs 670/stock levels in short-term while in mid-term perspective the counter is poised to show around Rs 750 levels provided it breaks the resistance at Rs 670 per stock levels." She said that the counter may go beyond 800 marks once it sustains above the 750 levels. Simi Bhaumik advised traders to maintain a stop loss at around Rs 575-580 levels and once the counter begins its rally, they should maintain trailing stop loss below a few levels of the resistance mentioned above.