IL& FS transportation traverses its way to its 52-W high
DSIJ Intelligence / 19 Sep 2016
IL &FS transportation has hit its 52 week high at Rs 107 per share on Monday, September 19. Owing to bullishness in the sector the infrastructure stocks are buzzing on bourses lately.
IL &FS transportation has hit its 52 week high at Rs 107 per share on Monday, September 19. Owing to bullishness in the sector the infrastructure stocks are buzzing on bourses lately.
Formed in the year 2000, IL & FS Transportation Networks Limited is a wholly owned subsidiary of Infrastructure Leasing and Financial Services Limited (IL&FS). IL&FS has been a major player in India in Infrastructure development and financing for the last 25 years.
IL& FS transportation is now the largest BOT road asset owner in India with approximately 13,000 lane kms in its portfolio. The company is a market leader in Transport Infrastructure Sector with presence in Metro Rail, City Bus Services and Border check posts.
The stock has gone up by 10 per cent over 1 year and is trading above its 200 days' SMA indicating bullishness in the scrip.
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