India's IRB Infrastructure hits record high on block deals

IRB Infrastructure Developers

17/11/2023 06:47

** Shares of IRB Infrastructure Developers  IRBI.NS  rise as
much as 7.8% to a record high of 38.5 rupees 
    ** Over 11.3 mln shares change hands in 13 separate block
deals as of 12:00 p.m. IST, at a price between 35.95-38.05
rupees -LSEG data
    ** Ratings agency Moody's affirms long-term corporate family
rating on IRBI; sees gradual rise in IRBI's cash flows
    ** If trends stand, stock on tack for third straight session
of gains
    ** IRBI trading above its 50-day, 100-day and 200-day simple
moving averages
    ** More than 83.7 mln shares change hands by 12:08 p.m. IST,
2.1x its 30-day avg
    ** Stock currently up 7.1% bumping YTD gains to ~30%


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))