IRB Infra bags ₹1,683-cr contract from NHAI; stock surges 6%
The contract elevates IRB Infra's asset base to around ₹77,000 crore, taking market share in TOT sector to 38%
The contract elevates IRB Infra's asset base to around ₹77,000 crore, taking market share in TOT sector to 38%
Domestic brokerage Ventura has initiated coverage on this midcap stock with a “BUY” for a target price of ₹729.2, a potential upside of 239% over the next 30 months.
Shares of PNC Infratech gained as much as 7.75% intraday, followed by IRB Infra, KNR Constructions, NCC, GMR Infra, L&T, and NBCC (India), among others.