Time period given by analyst is Intra Day when IRB Infrastructure Developers Ltd. price can reach defined target.
IRB Infrastructure Developers Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 6187.28 Crore) operating in Infrastructure sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1670.48 Crore, up 1.22 % from last quarter Total Income of Rs 1650.41 Crore and up 55.62 % from last year same quarter Total Income of Rs 1073.46 Crore. Company reported net profit after tax of Rs 105.86 Crore in latest quarter.
Investment Rationale
After losing 22 per cent from the July month’s peak, the stock rebounded from the support zone. In Friday’s trade, the stock witnessed a minor consolidation breakout which could lift the scrip towards Rs 190 zone.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
