'Accumulate' IL&FS Transportation; target Rs 222: Emkay
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IL&FS Transportation Networks Stock News, Analyst Calls And Reviews
IL&FS Transportation Networks has been announced as the favored bidder by National Highways Authority of India for 119 km road venture spread crosswise Orissa and West Bengal states.
Approximated price of the project stood at Rs 471.05 crore.
It consists of building of novel bridges/structures and renovation of subsisting four lane highway from Kharagpur to Baleshwar stretch of National Highway 60, the company added.
IL&FS Transportation will also be accountable for its function as well as preservation.
The project is on a toll basis with a concession phase of 24 years, comprising building period of 2.5 years.
IL&FS Transportation shares remained up by 1.3% at Rs 197.75 on BSE in morning trade.
The stock looks good for medium or long term investment.
The investors can buy the stock on declines.
'Accumulate' IL&FS Transportation; target Rs 222: Emkay
i have 100 shares of IL&FS Transportation, but i dont think it will give any big profit in the future.
i want to know from experts whether i hold the stock at this time or sell.
thanks in advance.
