IRB Infra Share Price | Update on IRB Infra Company, share price will be affected, stock rating update – NSE: IRB
IRB Infra Share Price | There was a big rise in the stock market on Wednesday. Wednesday on positive global signals (NSE: IRB) There was a boom in the stock market. National Stock Exchange's Nifty also closed at 24,484 points with a gain of 270 points. On Wednesday, October 06, IRB Infrastructure shares had increased by 2.75 percent to Rs 53. (IRB Infra Company excerpt)
Company's second quarter results
On an annual basis, the consolidated total income of IRB Infrastructure Developers Limited Company in the second quarter reached Rs 1,751.62 crore, which was 11.16 percent less than the total income of Rs 1,971.68 crore in the previous quarter and from the total income of Rs 1,874.51 crore in the same quarter last year. 6.56 percent less. IRB Infrastructure Developers Ltd reported net profit of Rs 183.59 crore for the second quarter. On Thursday (07 November 2024), the stock was trading at Rs 52.5, down 0.92%.
HDFC Securities Brokerage Firm – Target Price
HDFC Securities brokerage firm has given ADD rating to IRB Infrastructure Developers Limited company share. HDFC Securities brokerage firm has given a target price of Rs 69 for IRB Infrastructure Developers Limited Company shares. HDFC Securities brokerage firm expects an improved outlook for orders in the second quarter and potentially changing toll growth target.
Long Term Growth Forecast
In the long term, IRB Infrastructure Developers Limited expects to get opportunities under PPP mode for BOT projects worth Rs 2 lakh crore. IRB Invite Fund and IRB Infrastructure Developers Limited Company's IRB IT penetration has made it easier to unlock capital through asset monetization in the past and IRB Infrastructure Company expects to benefit from this platform in the future.
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