India's IRB Infrastructure hits record high on 24% Y/Y jump in Aug toll rev

IRB Infrastructure Developers

11/09/2023 06:23

** Shares of infrastructure developer IRB Infrastructure
 IRBI.NS  rise as much as 4.63% to 35 rupees, marking a record
high
    ** Stock of co, which constructs and maintains highways, on
track for a third consecutive session of gains, if trend holds
    ** Co on Sunday reported its collective toll revenue for
August rose to 4.17 billion rupees ($50.32 million), up ~24% Y/Y
    ** More than 22 mln shares change hands by 10:44 a.m. IST,
1x the 30-day avg
    ** Stock last up ~3.3%, bumping YTD gains to about 18.8%

($1 = 82.8625 Indian rupees)

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))