Monday, September 16, 2024

Buy IRB Infrastructure Developers, target price Rs 86: Axis Securities

Must read

Axis Securities has buy call on IRB Infrastructure Developers with a target price of Rs 86. The current market price of IRB Infrastructure Developers Ltd. is Rs 73.37.

IRB Infrastructure Developers Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 44326.26 Crore) operating in Infrastructure sector.

IRB Infrastructure Developers Ltd. key Products/Revenue Segments include Contract Revenue and Income From Operations for the year ending 31-Mar-2023. Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 2504.49 Crore, up 20.57 % from last quarter Total Income of Rs 2077.29 Crore and up 47.42 % from last year same quarter Total Income of Rs 1698.91 Crore. Company reported net profit after tax of Rs 324.20 Crore in latest quarter. Promoter/FII Holdings
Promoters held 34.39 per cent stake in the company as of 31-Mar-2024, while FIIs owned 47.2 per cent, DIIs 7.78 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

Latest article