IRB Infrastructure Share
IRB Infrastructure Developers Ltd’s shares went up by 10 percent on March 21 because Kotak Institutional Equities raised its opinion on the stock and increased its fair value. This was mainly because they adjusted their estimates for how much traffic will use IRB’s private InvIT assets.
The government is now focusing more on projects where tolls are collected and transferred to the operator (TOT) or where the operator builds and operates the road (BOT). This benefits IRB because it has a strong financial position. The Ministry of Road Transport and Highways made changes to agreements for these projects, which is good news for IRB, according to Kotak.
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Experts view on IRB Infrastructure
Kotak expects IRB to do well because it has a pipeline of projects worth ₹44,400 crore for the fiscal year 2024. Kotak analysts have also changed their predictions for the years 2024 to 2026, mainly because of changes in traffic estimates for IRB’s private projects. They now recommend buying IRB stock and have raised their estimate of its fair value to ₹65.
Motilal Oswal believes that IRB has a good mix of investors and is in a good position to grow its assets and business sustainably. They also mention that IRB has a big order book for engineering, procurement, and construction (EPC) and operation and maintenance (O&M) contracts, totaling ₹36,200 crore as of December 2023.
IRB Infrastructure Share Price NSE
IRB Infrastructure shares price on the National Stock Exchange (NSE) stands at ₹58.861. Providing further insight, the company’s market capitalization is approximately ₹32,58,04,10,000, equivalent to around ₹32,584 crore. Over the past 52 weeks, the stock has reached a high of ₹71.95 and a low of ₹22.56.
The price-to-earnings (PE) ratio stands at 59.6, while the dividend yield is noted at 0.44%. Classified as a Large cap entity in the Construction, Contracting & Engineering sector on the Bombay Stock Exchange (BSE), IRB Infrastructure Developers has seen fluctuations in its stock value today, with prices ranging between ₹53.9 and ₹55.99. Notably, the shares have experienced significant variation over the past year, ranging from a low of ₹22.56 to a high of ₹71.95.
About IRB Infrastructure
IRB Infrastructure Developers Ltd. is the biggest company in India that builds roads and highways. It’s also the first one to operate internationally in this field. They mostly work in the Build-Operate-Transfer (BOT) space. They’re really proud to be a part of India’s development.
For 25 years, they’ve been working hard, even when things were tough. They’ve built big projects all over India, connecting people and helping the country grow.
Today, they’re happy to say they’ve achieved a lot of firsts in India’s road and highway industry. They did the first BOT project, managed the first expressway, launched the first Infrastructure Investment Trust (InvIT), and even became the first Indian company to use overseas bond markets, among other accomplishments.
India’s premier highway infrastructure company takes an integrated approach, led by visionary leadership and supported by experienced management.
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