IL&FS Engineering up 90% in 1 week after government takes control of group

IL&FS Investment Managers was up 4% at Rs 10.30, gaining 32% in past one week, while ITNL down 10% at Rs 30.30 today, too up 34% during the week.

Shares of IL&FS Engineering and Construction Company has locked in upper circuit of 10% at Rs 25.32 on Friday, surging 90% in past one week after the government on Monday took control of infrastructure financier Infrastructure Leasing & Financial Services (IL&FS).

In the past one week, IL&FS Engineering and Construction Company has jumped 90% from Rs 13.35 on September 28, 2018. The stock rallied 119% from its record low of Rs 12.80 touched on the same day in intra-day trade.

The trading volumes on the counter more than doubled with a combined 1.43 million equity shares changed hands