Buy IRB Infrastructure Developers, target Rs 125: Jay Thakkar

Jay Thakkar of Anand Rathi has a buy call on IRB Infrastructure Developers Ltd. with a target price of Rs 125. The current market price of IRB Infrastructure Developers Ltd. is Rs 117.8. Time period given by the analyst is Intra Day when IRB Infrastructure Developers Ltd. price can reach the defined target. Jay Thakkar recommended to keep stoploss at Rs 114.5. IRB Infrastructure Developers Ltd., incorporated in 1998, has a market cap of Rs 4140.08 crore.
IRB Infrastructure Developers Ltd. key Products/Revenue Segments include Contract Revenue which contributed Rs 2898.94 Crore to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Consolidated sales of Rs 1948.30 Crore, up 8.93 % from last quarter Sales of Rs 1788.51 Crore and up 40.95 % from last year same quarter Sales of Rs 1382.24 Crore Company has reported net profit after tax of Rs 208.02 Crore in latest quarter. The company’s top management includes Mr.Chandrashekhar S Kaptan, Mr.Mukeshlal P Gupta, Mr.Sandeep J Shah, Mr.Sudhir R Hoshing, Mr.Sunil H Talati, Mr.Virendra D Mhaiskar, Mrs.Deepali V Mhaiskar, Mrs.Heena Raja. Company has Gokhale & Sathe as its auditoRs As on 31-03-2019, the company has a total of 351,450,000 shares outstanding.