Espresso shot of the day – IRB Infrastructure Developers Ltd up by 20 percent

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Espresso shot of the day – IRB Infrastructure Developers Ltd up by 20 percent

October 22, 2021
Espresso shot of the day – IRB Infrastructure Developers Ltd up by 20 percent

IRB INFRASTRUCTURE DEVELOPERS LTD. 293.15 (+20.00%) BSE – INE821101014 | 22ND OCTOBER 2021


Incorporated way back in the year 1998, IRB Infrastructure Developers Ltd. has today become India’s leading and one of the largest Infrastructure Developing Company in the BOT Space, committed to the Roads & Highways sector. Ever since the first ever project was completed by the Company, their actions have been guided by the sole objective of delivering value. Over the years, they have reinforced their commitment by delivering large, technically complex projects across India, on difficult terrains and in a tough industry environment. Building seamless connections and facilitating Socio-Economic-Cultural developments, they are proud to be part of India’s transformation.

Recent Drivers

  • On Oct 23, 2021, Life Insurance Corporation of India raised its stake in IRB from 3.81% in the quarter ended June 2020, to 5.27% in the quarter ended September 2020.
  • On Sept 2, 2021, the company won the bid for the construction of six lanes or 20 km of roads from Pondavakkam to Kannigaipair stretch on the upcoming Chittoor–Thachur Highway in Tamil Nadu at a cost outlay of ?909 crores.
  • On Aug 11, 2021, the company reported a consolidated net profit of Rs 71.91 crores for the quarter ended June 30. The company had clocked a consolidated net loss of Rs 30.13 crores in the corresponding quarter of the previous fiscal.
  • On Aug 11, 2021, the total consolidated income during the quarter under review rose to Rs 1,670.48 crores as against Rs 1,073.46 crores in the year-ago period.
  • On Aug 11, 2021, the company completed a fundraise of Rs 381.63 crores for IRB Infrastructure Trust, the Private InvIT, by way of the right issue.
    (Sources: Livemint, The Economic Times )


Technical Force*

  • S&P BSE 500 month till date gain up by 2.33%
  • Traded on new 52 Week High Value Rs.293.15
  • Touched Upper circuit Rs.293.15
  • Spurt in volume by more than 4.33 times compared to previous vol. 3 months avg. volume- 2,90,674
  • Quantity traded: 19,37,494 Deliverable quantity: 4,46,205 (23.03%)
  • Stock price has jumped more than 190% from one-year low level: 97.75 (Dec 22, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 293.15 | 52-week-low:  97.75

 

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

  249.80

194.30

157.00

101.50

64.20

8.70

-

    -

Fibonacci Pivot

194.30

158.85

136.95

122.84

101.50

80.16

66.05

44.15

-

     

 

Today’s Close

293.15

SMA

BSE

10 DAY

221.86

20 DAY

208.16

50 DAY

184.05

200 DAY

140.46


Some Key Ratios (Source: BSE)

Market Cap:10,302.76crores

PE: 48.12

OPM%: 25.37

ROE%: 6.25

Promoters holding%: 58.46

Prev. Close: 224.30


*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.