Buy IRB Infrastructure Developers, target price Rs 200: IIFL

IIFL has buy call on IRB Infrastructure Developers with a target price of Rs 200. The current market price of IRB Infrastructure Developers is Rs 190.

Time period given by analyst is Intra Day when IRB Infrastructure Developers Ltd. price can reach defined target.
IRB Infrastructure Developers Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 6661.73 Crore) operating in Infrastructure sector.


IRB Infrastructure Developers Ltd. key Products/Revenue Segments include Contract Revenue, Income From Operations and Trading for the year ending 31-Mar-2020.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1670.48 Crore, up 1.22 % from last quarter Total Income of Rs 1650.41 Crore and up 55.62 % from last year same quarter Total Income of Rs 1073.46 Crore. Company reported net profit after tax of Rs 105.86 Crore in latest quarter.

Investment Rationale
Stock has given a cup & handle pattern breakout on the daily chart.