IRB Infra Share Price | IRB Infra Share Rocket will give fast returns, note the next target price – NSE: IRB

IRB Infra Share Price Update

IRB Infrastructure Developers Limited shares experienced a decline of 1.78 percent, trading at Rs 51.25 on Friday, October 08. The Sensex also saw a slight dip of 0.07%, closing at 79,482.66. During the trading session, IRB shares reached a high of Rs 52.43 and a low of Rs 51.16.

Strong Revenue Growth

IRB Infrastructure Developers Ltd reported a remarkable 21 percent increase in revenue, amounting to Rs 539.6 crore in October 2024, up from Rs 447.8 crore in the same period last year.

Investment Recommendations

Market analysts have issued a BUY rating for IRB Infrastructure shares, citing a current average score of 7, up from 5 in October. Experts predict potential returns of up to 51 percent for investors in the upcoming months.

Brokerage Ratings

HDFC Securities has assigned an ADD rating to the stock, with a target price of Rs 69. This optimistic forecast is based on the company’s recent performance in ordering and anticipated toll growth.

IRB’s Toll Revenue

IRB’s portfolio includes key toll roads such as the MP Expressway and the Ahmedabad Vadodara Super Express Tollway, contributing significantly to its revenue. As the largest integrated private toll road developer in India, IRB boasts assets exceeding Rs 80,000 crore across 12 states.

Disclaimer

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Latest News in Hindi | IRB Infra Share Price 09 November 2024