IRB Infra Share Price Target 2024: 170 pc Returns in 1 Year, Mega Toll Collection Figures, Stock Under Rs 70; Analyst Recommends Trading Strategy
IRB Infra Share Price Target 2024, IRN Inra Shra Price News Today NSE BSE, IRB Infra Share Price History: The toll collection of IRB Infrastructure Developers increased by 30 per cent to Rs 480.9 crore in March 2024, up from Rs 370 crore in the same month the previous year. Compared to the preceding month, the company saw a 4.09 per cent increase in toll collection, which stood at Rs 462 crore in February 2024. The stock price has shot up 17.39 per cent in the last two weeks. In the last 90 days, it moved north of 51.10 per cent.
IRB Infra Share Price Target 2024
Aditya Agarwal, Head Derivatives & Technicals at Sanctum Wealth explained that the IRB Infra has seen a sharp pullback from its 50 WMA support zone and is currently trading near its resistance zone of 68-70.
“However, overall structure for stock looks positive and a close above 70 can trigger fresh round of buying that can drive stock prices towards 81/88 in short term,” he added.
IRB Infra Share Price Today News NSE BSE
IRB Infra stock settled in red in Wednesday’s trading session to quote at Rs 69.65 a share, down by 1.07 per cent. The counter declined after three days of consecutive gain. The scrip touched an intraday low of Rs 66.85, down by 5.04 per cent from its previous close of Rs 70.40 apiece. It underperformed the sector by 0.94 per cent. The stock is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.
A total of 20.10 lakh shares changed hands today of IRB Infra which is a constituent of S&P BSE 500 index generating a total turnover of Rs 13.74 crore. The large cap company has a market cap of Rs 41,783.84 crore, as per BSE website. The shares of the company have a PE of 84.73x. In volume terms, over 312.57 lakh shares of the company were traded on the NSE during the day.
IRB Infra Share Price History
The counter has delivered multibagger returns of 111.07 per cent in the last 180 days, as per data available on the BSE. In the last 365 days, it endured the northbound journey to deliver up to 167.35 per cent returns, making investors richer with massive gains. The counter delivered a whopping 527.86 per cent returns in the last three years.
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