Stocks related to infra sector remained on buyers’ radar, as the Union Minister Nitin Gadkari has said that the government will soon launch three expressway projects - Delhi-Amritsar-Katra, Delhi-Jaipur and Vadodara-Mumbai- soon at a cost of about Rs 1,32,000 crore.
IRB Infrastructure Developers is currently trading at Rs. 250.40, up by 6.20 points or 2.54% from its previous closing of Rs. 244.20 on the BSE. The scrip opened at Rs. 246.50 and has touched a high and low of Rs. 252.65 and Rs. 246.50 respectively. So far 95713 shares were traded on the counter.
Jaypee Infratech is currently trading at Rs. 9.43, up by 0.14 points or 1.51% from its previous closing of Rs. 9.29 on the BSE. The scrip opened at Rs. 9.50 and has touched a high and low of Rs. 9.50 and Rs. 9.30 respectively. So far 20510 shares were traded on the counter.
IL&FS Transportation Networks is currently trading at Rs. 92.75, up by 0.75 points or 0.82% from its previous closing of Rs. 92.00 on the BSE. The scrip opened at Rs. 92.80 and has touched a high and low of Rs. 93.70 and Rs. 92.25 respectively. So far 173054 shares were traded on the counter.
As per the plan, Amritsar could be reached via Delhi in up to 3 hours after completion of the Rs. 60,000-crore Amritsar-Delhi expressway, which will reduce travel duration by over two hours. Also on the anvil is a project connecting Jalandhar to Ajmer that will bring down the travel time to 5 hours. Meetings in this regard are scheduled with chief ministers of Jammu & Kashmir, Punjab, Haryana, Delhi and Rajasthan.
The road projects also include four-laning of Jalandhar-Barnala, Jalandhar-Hoshiarpur, Ropar-Phagwara, Kharar-Kurali, Chandigarh-Kharar and Kharar-Ludhiana roads, besides an elevated road in Ludhiana city. The projects will provide world-class road connectivity to commuters between Doaba and Malwa, along with adjoining Haryana and Himachal Pradesh, in the next 2 years. Chandigarh will also be connected with 4-lane roads with all major cities such as Amritsar, Jalandhar and Ludhiana.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4075.75 |
| Rail Vikas Nigam | 298.75 |
| NCC | 160.00 |
| KEC International | 584.40 |
| Kalpataru Projects | 1248.95 |
| View more.. | |
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