India's IRB Infrastructure hits record high on strong Dec toll collection

IRB Infrastructure Developers

09/01/2024 04:40

** Shares of IRB Infrastructure Developers  IRBI.NS  jumps
9% to hit record high of 46 rupees after robust Dec toll
collection    
    ** IRBI says toll collection in Dec grew 26% Y/Y to 4.88
billion rupees ($58.74 million)
    ** Expects growth to continue for remaining quarter of FY24
    ** Stock hits record high for second session so far this
month 
    ** IRBI up nearly 11% this year, outpacing the Nifty
infrastructure index  .NIFTYINFR  which has risen about 2% 
        
($1 = 83.0787 Indian rupees)

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))