India's IRB Infra eyes best day in almost a week on increased toll collection

IRB Infrastructure Developers

06/12/2022 03:58

** Shares of infrastructure co IRB Infrastructure Developers
Ltd  IRBI.NS  rise as much as 3.6% to 287 rupees, their sharpest
intraday pct gain since Nov. 30
    ** Co says Nov. toll collection up about 39% Y/Y to 3.66
billion rupees ($44.70 million); includes collection by co and
its private InvIT arm IRB Infrastructure Trust
    ** Toll collection also went up M/M basis from 3.45 bln
rupees in Oct. 
    ** In Nov 2021, toll collection was suspended due to a
farmers' agitation, co adds
    ** More than 950,000 shares traded as of 9:23 a.m. IST vs
30-day avg of almost 2.5 mln shares
    ** Five of 8 brokerages rate the stock "buy" or higher and 3
"hold"; their median PT is 280 rupees - Refinitiv data
    ** Shares up 21.8% YTD, as of last close
($1 = 81.8740 Indian rupees)
 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))