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Shares of IL&FS Engineering and Construction Company were locked in upper circuit of 10% at Rs 108, extending its two-week long rally on BSE, after the company said it turned profitable in the December quarter of current financial year 2014-15.
The infrastructure developer had reported profit of Rs 76.46 crore as against loss of Rs 57.48 crore during the same quarter previous year. Total income of the company jumped 46% to Rs 680 crore against Rs 466 crore in the corresponding quarter of previous fiscal.
Meanwhile, the company has bagged orders worth of around Rs 2,312 crore in October-December quarter, the BSE data shows.
Currently, the stock is trading at its 52-week high price, rallied nearly 90% in past two weeks from Rs 58 on February 10, 2015. The benchmark S&P BSE Sensex gained 3.5% during the same period.
Till 0948 hours, a combined 376,064 shares changed hands and there are pending buy orders for 255,436 shares on BSE and NSE.
The infrastructure developer had reported profit of Rs 76.46 crore as against loss of Rs 57.48 crore during the same quarter previous year. Total income of the company jumped 46% to Rs 680 crore against Rs 466 crore in the corresponding quarter of previous fiscal.
Meanwhile, the company has bagged orders worth of around Rs 2,312 crore in October-December quarter, the BSE data shows.
Currently, the stock is trading at its 52-week high price, rallied nearly 90% in past two weeks from Rs 58 on February 10, 2015. The benchmark S&P BSE Sensex gained 3.5% during the same period.
Till 0948 hours, a combined 376,064 shares changed hands and there are pending buy orders for 255,436 shares on BSE and NSE.
