Monday, February 6, 2012

Share Market Tips

GOLDEN INVESTMENT RESEARCH PRIVATE LIMITED

IL& FS TN jumps 6% on LoA for Rs 18.18 bn project

Date : 06.02.2012

IL&FS Transportation Networks announced on Monday it has received a Letter of Award for road project worth Rs 18.18 billion.

Shares of the company are trading at Rs 216.30, up Rs 12.85, or 6.32% at the Bombay Stock Exchange (BSE) on Monday at 10:48 a.m.

The project is for four Laning of Kiratpur to Ner-Chowk Section of NH-21 from Km 73.200 to Km 186.500 in the State of Himachal Pradesh on DBFOT pattern under NHDP Phase-III from National Highways Authority of India (NHAI).

The scrip has touched an intra-day high of Rs 224.30 and low of Rs 205. The total volume of shares traded at the BSE is 44,245.

In the earlier session, the shares fell 1.19%, or Rs 2.45, at Rs 203.45. Currently, the stock is trading down 16.05% from its 52-week high of Rs 257.65 and above 51.15% over the 52-week low of Rs 143.10.


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