IRB infra shares rocketed: IRB infrastructure developers remain rockets on double support shares. Due to the budget 2025, its purchase increased, the hope of its better results also increased the purchase and it has jumped about 21 per cent in the fifty five consecutive days. Talking about today, in the December quarter, the company became a stock rocket at a boom of 3115 per cent and jumped 6.23 per cent to Rs 60.90 in intra-day. Currently, it gains 3.07 per cent to Rs 59.09 on BSE.
Special things about the result of IRB Infrastructure Developers
IRB Infrastructure Developers (IRB INFRA) rose 3115 per cent to Rs 6,026 crore on a annual basis in the December 2024 quarter. It has an expansion gain of Rs 5,804 crore which is due to the assessment on the Fair value of Invits (Infra Investment Trusts) and its associated assets. It was zero in the December 2023 quarter. However, even if we remove this Exceptional Gain, the company’s profit has increased by 18.45 percent on an annual basis.
During this period, the company’s revenue rose by 2.9 per cent to Rs 2,025.44 crore and EBITDA jumped 7 per cent to Rs 1049 crore. The company has announced an interim dividend of Rs 0.10 per share. In the December 2024 quarter, the Agiget toll collection of IRB Group rose by 21 per cent to Rs 1,655 crore.
How was the move of shares in a year?
The shares of IRB Infra Developers were at Rs 78.05 on 7 June 2024, which is a one -year record high level for its shares. This boom of shares stopped here and in five months from this high level, it slipped more than 42 per cent to Rs 45.05 on 21 November 2024, which is a record low of one year for its shares. At the lower level, more than 31 per cent recovery was recovered on the basis of shares and purchases, but still it is about 24 per cent downside from one year of highs.
Now what is the trend next?
According to the details on the Indian, 6 analysts covering it have given the highest target price of Rs 81. The lowest target price of investment in it is Rs 60. According to the highest target price, IRB Infra shares can climb about 37 percent from the current level.
Any tax deduction in the budget will have limited impact on shares consumed – Helios Capital
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