India's IRB Infrastructure up 2% on stock-split proposal

IRB Infrastructure Developers

20/12/2022 04:14

** Shares of roads and highways construction co IRB
Infrastructure Developers Ltd  IRBI.NS  rise 2.01% to 319.1
rupees, their highest level since Dec. 14
    ** Stock on track for a second straight session of gains
    ** IRBI on Monday said it would consider a proposal for
sub-division of shares 
    ** More than 1.1 mln shares change hands by 9:23 a.m. IST vs
30-day avg of 4.4 mln shares
    ** Analysts on an avg have a "buy" equivalent rating on the
stock; median PT is 280 rupees - Refinitiv data
    ** Stock up 40.6% YTD, as of 9:28 a.m. IST
 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))