IRB Infra Share Price: A Roller Coaster Ride with Recent Ups and Downs 🎢
📈 On Monday, the IRB Infra Share Price surged by 6.34% to reach ₹43.46 in the trading session. However, a slight profit recovery was observed yesterday.
💰 Recently, the company received a major order, which led to a significant increase in its share price. The National Highways Authority of India (NHAI) awarded a hefty order to IRB Infra for a total value of ₹1,683 crore.
⬇️ Currently, the share is trading at ₹41.95 with a decline of 1.18% on December 19, 2023. On Wednesday (December 20, 2023), the share was trading at ₹41.30, reflecting a further decline of 1.39%.
🏗️ Under the order, IRB Infra will be responsible for toll operations, maintenance, and infrastructure-related work for the Gwalior-Jhansi and Kota Bypass projects. The project has a total value of ₹1,683 crore and a duration of 20 years.
💼 If the new order is successfully executed, IRB Infra will increase its assets in the toll-operate-transfer sector by 38%, reaching a whopping ₹77,000 crore. The company will be involved in tolling and operations, as well as maintenance activities for a 110-kilometer stretch on NH44, including the Gwalior-Jhansi section, and NH76, including the Kota Bypass section.
💹 Over the past five trading sessions, IRB Infra’s share price has witnessed a growth of 6.06%. In the last month alone, the company’s shares have provided a return of 14% to its investors. Over the past six months, IRB Infra has increased its investors’ money by an impressive 60%.
📈 Year-to-date, the stock has seen a remarkable 37% increase. With a total market capitalization of ₹25,859 crore, IRB Infra is a significant player in the market.
💪 Despite the recent ups and downs, IRB Infra continues to show its resilience in the stock market. Investors eagerly await the company’s future performance and potential for growth.
So, buckle up and stay tuned for more updates on IRB Infra’s share price journey! 🚀
(Note: This news is for informational purposes only and should not be considered as financial advice. Please do your own research before making any investment decisions.)
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