IL&FS Transportation trades jubilantly after Norges Bank acquires 1.16% stake

01 Nov 2013

IL&FS Transportation Networks is currently trading at Rs. 121.15, up by 13.20 points or 12.23% from its previous closing of Rs. 107.95 on the BSE.

The scrip opened at Rs. 110.25 and has touched a high and low of Rs. 122.25 and Rs. 109.00 respectively. So far 108762 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 227.00 on 09-Jan-2013 and a 52 week low of Rs. 98.10 on 19-Sep-2013.

Last one week high and low of the scrip stood at Rs. 122.25 and Rs. 104.10 respectively. The current market cap of the company is Rs. 2266.13 crore.

The promoters holding in the company stood at 72.46% while Institutions and Non-Institutions held 6.43% and 21.11% respectively. Norges Bank has reportedly acquired 22.70 lakh shares or 1.16% stake in IL&FS Transportation Networks for about Rs 24.31 crore. The shares were purchased on an average price of Rs 107 through the open market route.

Meanwhile, GS Strategic Investments has offloaded 25.80 Lakh shares or 1.32% stake of IL&FS Transportation for about Rs 27.62 crore. The shares were sold on an average price of Rs 107.01 through the open market route.

IL&FS Transportation Networks has been involved in the development, operation and maintenance of national and state highways, roads (including urban roads), flyovers and bridges in Andhra Pradesh, Delhi, Gujarat, Maharashtra, Karnataka, Uttar Pradesh, Kerala, Jharkhand and Rajasthan.


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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323