IL&FS Engineering and Construction Company hit an upper circuit limit of 5% at Rs 46.55 at 9:51 IST on BSE after the company reported turnaround Q2 results.
The result was announced after market hours yesterday, 28 November 2017.Meanwhile, the S&P BSE Sensex was up 31.16 points, or 0.09% to 33,649.75.
On the BSE, 9,171 shares were traded in the counter so far, compared with average daily volumes of 52,875 shares in the past one quarter. The stock opened with an upward gap of 5% at Rs 46.55 and remained stuck at that level so far. The stock hit a 52-week high of Rs 65.95 on 21 February 2017. The stock hit a 52-week low of Rs 31 on 29 September 2017.
IL&FS Engineering and Construction Company reported net profit of Rs 40.14 crore in Q2 September 2017 compared with net loss of Rs 81.59 crore in Q2 September 2016. Net sales fell 4.5% to Rs 340.84 crore in Q2 September 2017 over Q2 September 2016.
IL&FS Engineering and Construction Company is engaged in construction and infrastructure development.
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