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IL&FS Investsmart Ltd shares are on an upward journey after a leading foreign brokerage came out with a `buy' recommendation on the company recently, dealers said.

The share has risen by about 17 per cent from last Thursday (February 23). On the BSE, IL&FS rose by 3.51 per cent to Rs 245 on Thursday, compared to the previous close of 236.80. Over 1.25 lakh shares were traded on the exchange, as against the two-week average of 40,167 shares.

On the NSE, the stock closed at Rs 245.15, up 3.44 per cent from Wednesday. Over 2.29 lakh shares were traded in the counter.

Rajesh Abraham

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