India's IRB Infrastructure at record high as Nov toll collection rises

IRB Infrastructure Developers

08/12/2023 04:06

** Shares of IRB Infrastructure Developers Ltd  IRBI.NS 
 RIC  rise as much as 6.4% to a record high of 40.9 rupees
    ** Highways infrastructure developer says November toll
collection rose 19.4% y/y to 4.37 billion rupees; expects
"growth momentum to continue"
    ** More than 25.1 mln shares change hands by 9:24 a.m. IST
    ** Six analysts covering the stock rate it "buy" on avg;
median PT is 36 rupees - LSEG data
    ** Stock up over 40% YTD, outperforming Nifty Infrastructure
index's  .NIFTYINFR  33.2% rise


 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))