India's IRB Infrastructure Developers rises on March toll collection jump

IRB Infrastructure Developers

11/04/2023 05:35

** Shares of IRB Infrastructure Developers  IRBI.NS  up as
much as 3.86% to 26.9 rupees, their highest since March 20
    ** Co hits sharpest intraday pct gain since March 31, on
track for second consecutive session of gains if trends hold
    ** Co on Monday said its March total toll collection
increased ~21% YoY to 3.7 bln rupees ($45.1 mln)
    ** Average rating of eight brokerages at equivalent of 'buy'
with median PT of 31.55 rupees - Refinitiv data
    ** Stock is down ~11% as YTD of last close, after posting 3
years of gains

($1 = 82.0150 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com;))