Buy IL&FS Transportation Networks, target Rs 50: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on IL&FS Transportation Networks Ltd. with a target price of Rs 50.0 . The current market price of IL&FS Transportation Networks Ltd. is Rs 43.0 Time period given by the analyst is Intra Day when IL&FS Transportation Networks Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 39. IL&FS Transportation Networks Ltd., incorporated in 2000, is a smallcap company with a market cap of Rs 1414.53 crore.

IL&FS Transportation Networks Ltd. key Products/Revenue Segments include Contract Revenue which contributed Rs 2991.00 Crore to Sales Value (87.95 % of Total Sales), Other Services which contributed Rs 409.65 Crore to Sales Value (12.04 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 1218.41 Crore, up 70.94 % from last quarter Sales of Rs 712.78 Crore and up 22.22 % from last year same quarter Sales of Rs 996.91 Crore Company has reported net profit after tax of Rs 106.54 Crore in latest quarter. The company’s top management includes Mr.Arun K Saha, Mr.Deepak Dasgupta, Mr.H P Jamdar, Mr.Hari Sankaran, Mr.K Ramchand, Mr.Mukund Sapre, Mr.R C Sinha, Ms.Neeru Singh. Company has SRBC & Co LLP as its auditoRs As on 30-06-2018, the company has a total of 328,960,027 shares outstanding.