IRB Infrastructure Developers Ltd
IRB

260.85

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

260.75

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

261.60

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Buy
Reco. Price
Rs 235.00
We recommend BUY on the stock as we expect revenue to grow at 13% over FY16-18E. This will be driven by strong order book and healthy growth in toll revenues. Also, launch of Infrastructure Investment Fund will help to infuse equity for its existing projects. On SOTP basis, we arrive at stock fair value of Rs.260. (Target Price - Rs.260)
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50 DMA (.)
236.76
100 DMA (.)
223.32
200 DMA (.)
224.01
Weekly Range (.)
245.65
262.80
Monthly Range (.)
231.80
271.65
52 Weeks Range (.)
177.45
271.65
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