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 6661.73 Crore) operating in Infrastructure sector.
IRB Infrastructure Developers Ltd. key Products/Revenue Segments include Contract Revenue, Income From Operations and Trading for the year ending 31-Mar-2020.
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
Stock has given a cup & handle pattern breakout on the daily chart.
(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.
