India's IRB Infrastructure up most in over a month on block deals

IRB Infrastructure Developers

29/03/2023 10:53

** Shares of IRB Infrastructure Developers Ltd  IRBI.NS 
rise as much as 7% to 24.25 rupees, biggest intraday pct. gain
since Feb. 22
    ** About 2.84 mln shares of construction firm change hands
in two block deals as of 3:05 p.m. IST, according to Refinitiv
data
    ** Trading volume at ~20.7 mln shares as of 3:15 p.m. IST
    ** Average rating of eight analysts close to equivalent of
'buy'; median PT is 31.55 rupees - Refinitiv data
    ** Stock down 22.1% this year as of last close; rose 27.9%
in 2022 


 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))