India's IRB Infrastructure set for best day in a month on profit jump

IRB Infrastructure Developers

08/05/2024 05:56

** Shares of IRB Infrastructure Developers  IRBI.NS  rise
3.5% to 68.40 rupees, set for best day in 4 weeks
    ** Highways and bridges maker reports 45.1% Y/Y rise in Q4
profit, while rev rose 27.2%
    ** Stock on track to snap two consecutive sessions of losses
    ** Average rating of six analysts covering the stock is
"buy"; median PT is 65.50 rupees - LSEG data
    ** Stock's rise takes YTD gains to ~65%

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))