IL&FS Engg & Cons gains 2.7% on new order

IL&FS Engineering and Construction Company gained on Wednesday after it has received a Letter of Intent (LoI) from IL&FS Prime Terminals FZC for construction of storage tank terminal at Fujairah, UAE.

The total project cost is Rs 4.45 billion (AED 304 million). The project is on engineering, procurement, and construction (EPC) basis and consists of construction of 15 numbers of storage tanks having a total storage capacity of 0.85 million tons.

Shares ofthe companyare trading at Rs 61.60, up Rs 1.65, or 2.75% at the Bombay Stock Exchange (BSE) on Wednesday at 9:53 a.m.The scrip has touched an intra-day high of Rs 62.50 and low of Rs 61.50. The total volume of shares traded at the BSE is 6,817.In the earlier session, the shares lost 2.36%, or Rs 1.45, at Rs 59.95. Currently, the stock is trading down 34.81% from its 52-week high of Rs 94.50 and above 27.8% over the 52-week low of Rs 48.20.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 62.70 (2.75) (4.39) 1 Month 65.05 (5.10) (7.84) 3 Months 53.45 6.50 12.16 6 Months 60.50 (0.55) (0.91) 1 Year 91.05 (31.10) (34.16) Note: Based on previous day closing price.