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IRB Infra Gains 10%; BSE REALTY Index Up 3.9%
Fri, 20 Sep 16:35

IRB Infra Gains 10%; BSE REALTY Index Up 3.9%Image source: ipopba/www.istockphoto.com

IRB Infra share price has zoomed 10% and is presently trading at Rs 65.0.

Meanwhile, the BSE REALTY index is at 8,670.5 (up 3.9%).

Among the top gainers in the BSE REALTY index today are Sobha (up 7.0%) and INDIABULLS REAL EST (up 3.9%).

Phoenix Mill (down 44.8%) and PRESTIGE ESTATES (down 1.1%) are among the top losers today.

Over the last one year, IRB Infra has moved up from Rs 31.4 to Rs 65.0, registering a gain of Rs 33.6 (up 107.1%).

On the other hand, the BSE REALTY index has moved up from 4,633.6 to 8,670.5, registering a gain of 87.1% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 206.1%), Sobha (up 205.8%) and Brigade Enterprises (up 118.3%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 84,643.4 (up 1.8%).

The top gainers among the BSE Sensex today are M&M (up 5.4%) and ICICI Bank (up 5.2%). The most traded stocks in the BSE Sensex are Tata Steel and ICICI Bank.

In the meantime, NSE Nifty is at 25,822.6 (up 1.6%). M&M and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 84,643.4, registering a gain of 17,046.6 points (up 25.2%).

IRB Infra Financial Update...

IRB Infra net profit grew 3.3% YoY to Rs 1,934 million for the quarter ended June 2024, compared to a profit of Rs 1,873 million a year ago. Net sales rose 13.4% to Rs 18,529 million during the period as against Rs 16,342 million in April-June 2023.

For the year ended March 2024, IRB Infra reported 15.9% decrease in net profit to Rs 6,058 million compared to net profit of Rs 7,200 million during FY23. Revenue of the company grew 15.7% to Rs 74,090 million during FY24.

The current Price to earnings ratio of IRB Infra, based on rolling 12 month earnings, stands at 42.3.

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