IRB Infrastructure Developers Ltd Share Price (IRB)

ICRA Expects Rise in Road Execution for FY25 - 17 Apr, 2024

IRB Infrastructure Developers Ltd may benefit from ICRA's projection of a 5-8% increase in road execution during FY25, supported by the GoI increasing its capital outlay and MoRTH prioritizing project completion.

IRB Infrastructure Developers Ltd Shares Gain 34% in 30 Days - 13 Apr, 2024

IRB Infrastructure Developers Ltd shares have gained 34% in the last thirty days, with an annual gain of 155%. Despite a high P/E ratio of 75.1x, investors are optimistic about the company's anticipated earnings growth of 72% next year, which is significantly higher than the broader market forecast of 24%.

IRB Infra Faces Arbitration Loss But Has Strong Order Book And Toll Revenue Growth - 10 Apr, 2024

IRB Infrastructure Developers lost a Rs.1,032 crore arbitration claim but has a strong order book of Rs.10,000 crore for the next two years and saw toll revenue growth of 30% YoY in March 2024.

IRB Infrastructure Reports Strong Toll Revenue Growth and Net Profit Increase - 09 Apr, 2024

IRB Infrastructure Developers reported a 30% YoY increase in toll revenue for March 2024, with assets under IRB Infrastructure Trust recording a 40% increase. The company also saw a 32.58% jump in consolidated net profit for Q3 FY24.

BSE Raises Circuit Limit for IRB Infra and Other Stocks - 05 Apr, 2024

The BSE has raised the circuit limit for IRB Infrastructure Developers Ltd and 167 other stocks to 20% from 10% earlier, effective April 5.

Ventura Securities Recommends 'Buy' on IRB Infra Shares - 03 Apr, 2024

Ventura Securities recommends a 'Buy' on IRB Infra shares, stating that the stock has potential to double investor money within 24 months. Cintra is looking to acquire a shareholding of 24% in IRB Infrastructure Trust from GIC. Ventura estimates IRBs revenue, Ebitda and net earnings to grow at a CAGR of 12.5%, 11.1% and 25.7%, respectively.

IRB Infrastructure Trust Completes Payment for Toll Projects - 02 Apr, 2024

IRB Infrastructure Trust's SPVs have completed an upfront payment of Rs 6,111 crore to the National Highways Authority of India (NHAI) for toll operate transfer projects. Ventura Securities recommends a BUY for IRB Infrastructure Developers with a target price of INR 61.

IRB Infra Begins Toll Collection on Projects; India Puts Toll Hike on Hold - 01 Apr, 2024

IRB Infrastructure Developers' special purpose vehicles have commenced toll collection on three projects. IRB Infrastructure Trust has made a payment of Rs 6,111 crore to the National Highways Authority of India for two ToT projects. Meanwhile, India has put a proposed hike in road toll charges on hold ahead of the general election.

Kotak Upgrades IRB Infrastructure Stock, Shares Surge - 21 Mar, 2024

IRB Infrastructure Developers Ltd's stock surges up to 10% after Kotak Institutional Equities upgrades the stock to Add from Sell and raises the target price to Rs 65. The increase in target price is due to modifications made to traffic estimates for Private InvIT assets. With a robust tender pipeline of projects to be awarded by NHAI and a healthy order book, we expect it to register a 12 percent revenue CAGR over FY24-26E with sustained margins.

IRB Infrastructure Developers Ltd Shares Decline - 20 Mar, 2024

Shares of IRB Infrastructure Developers Ltd have declined by 9-16% in March due to concerns over order inflows despite decent execution in recent months.