IL&FS Transportation surges after announcing turnaround in Q3

IL&FS Transportation Networks surged 6.98% to Rs 49.05 at 14:40 IST on BSE after the company reported net profit of Rs 55.66 crore in Q3 December 2016 compared with net loss of Rs 19.42 crore in Q3 December 2015.

The result was announced during market hours today, 13 January 2017.

Meanwhile, the S&P BSE Sensex was down 61.78 points or 0.17% at 27,201.59.

More than usual volumes were witnessed on the counter. On the BSE, 2.11 lakh shares were traded on the counter so far as against the average daily volumes of 1.77 lakh shares in the past one quarter. The stock had hit a high of Rs 51.50 and a low of Rs 46.90 so far during the day. The stock had hit a 52-week high of Rs 124.80 on 12 January 2017 and a record low of Rs 64 on 26 February 2016.

The stock had outperformed the market over the past 30 days till 12 January 2017, rising 14% compared with 2.76% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 9% as against Sensex's 2.97% decline.

The mid-cap company has equity capital of Rs 328.96 crore. Face value per share is Rs 10.

IL&FS Transportation Networks' total income declined 18.88% to Rs 1032.16 crore in Q3 December 2016 over Q3 December 2015.

IL&FS Transportation Networks has grown into the largest build, operate and transfer (BOT) road assets owner in India.

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