IL&FS Transportation Networks rose by more than 6 per cent in Wednesday’s trade after the company told that it has been given in-principle approval from market regulator Sebi for the registration of IL&FS Transportation Investment Trust. In a letter IL&FS Transportation mentioned that SBI has given the registration of IL&FS Transportation Investment Trust as an infrastructure investment trust under the Sebi (Infrastructure Investment Trusts) Regulations, 2014, which is subject to compliance of certain conditions. The company further added that it would act as the sponsor of the trust once it is registered.
After the announcement, the scrip jumped 6.02 per cent to touch a high of Rs 106.40. The scrip had hit its 52-week high of Rs 109.30 last week. The stock opened at Rs. 101.20 against its previous closing at Rs. 100.60. Today’s trading session saw around 7,58,336 shares being traded in the counter with a traded value of Rs. 785.03 lacs.
As of now the stock is trading at Rs. 102.75, up by 2.14 per cent.
The company has 14,699-lane km under its road assets portfolio which constitutes a mix of toll and annuity-based projects. Overall, the road construction company has an aggregate order book of Rs 14,625 crore. The company has International operations as well, which is spawned across China Portugal, Latin America, UAE and Spain.
The lower price band of the share is 80.50 and the upper price band is 120.70. The 52 week high of IL&FS Transportation share price is observed at Rs. 109.30 on 21st Sept ‘16 whereas the 52 week low is seen at Rs. 64.00 on 26th Feb ‘16. The Average Daily Movement of the stock is 3.83 and its average volume for last 20 days is 2462805. The stock yields 40.89% monthly returns and Consolidated FY 15-16 PE Ratio is 10.62. The market cap of the company amounts to Rs. 3309.34 (Cr) and has a book value of Rs. 192.03.
IL&FS Transportation is analyzed by Dynamic Levels as the top 500 performing stocks for the June quarter among the 1700 stocks which are listed on the NSE. IL&FS Transportation is fundamentally strong and is safe for investment, as per Dynamic analysts. In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to IL&FS Transportation share price history.
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