IL&FS Transportation Networks rose 2.86% to Rs 124.20 at 12:45 IST on BSE, with the stock extending Thursday's rally triggered by the company's fund raising plan.
Meanwhile, the S&P BSE Sensex was up 299.48 points or 1.39% at 21,813.35.
On BSE, so far 26,000 shares were traded in the counter as against average daily volume of 14,742 shares in the past one quarter.
The stock hit a high of Rs 129 and a low of Rs 119 so far during the day. The stock had hit a 52-week high of Rs 206.25 on 6 March 2013. The stock had hit a record low of Rs 98.10 on 19 September 2013.
The stock had outperformed the market over the past one month till 6 March 2014, surging 6.72% compared with the Sensex's 5.92% rise. The scrip had, however, underperformed the market in past one quarter, sliding 10.46% as against Sensex's 2.46% rise.
The company has equity capital of Rs 194.27 crore. Face value per share is Rs 10.
Shares of IL&FS Transportation Networks (ITNL) have rallied 9.33% in two trading sessions from Rs 113.60 on 5 March 2014 after the company after market hours 5 March 2014 said that the Committee of Directors approved the allotment of 1,000 rated, listed, redeemable, non-convertible debentures of the face value of Rs 10 lakh each aggregating to Rs 100 crore on a private placement basis on Tuesday, 4 March 2014. These debentures will be listed on the National Stock Exchange of India (NSE), the company said. The stock had surged 6.29% to settle at Rs 120.75 on Thursday, 6 March 2014.
ITNL had earlier issued 10,000 debentures of Rs 10 lakh each aggregating Rs 1000 crore. With the aforesaid allotment the company has as of date issued and allotted 11,000 debentures of Rs. 10 lakh each aggregating to Rs 1100 crore.
ITNL's consolidated net profit rose 5.5% to Rs 109.83 crore on 11.4% growth in net sales to Rs 1965.90 crore in Q3 December 2013 over Q3 December 2012.
ITNL is one of the largest private sector road operators in India. The company is engaged in the development, operation, and maintenance of national and state highways, roads, flyovers and bridges primarily in India.
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