Buy IRB Infrastructure Developers, target Rs 253: Sagar Doshi
Buy IRB Infrastructure Developers at a price target of Rs 253 and a stop loss at Rs 211 from entry point.
By ETMarkets.com |
Sagar Doshi of Edelweiss Financial Services has a buy call on IRB Infrastructure Developers with a target price of Rs 253.
The current market price of IRB Infrastructure Developers is Rs 221.2.
Time period given by analyst is intraday when IRB Infrastructure Developers price can reach defined target.
Sagar Doshi recommended to keep stoploss at Rs 211.
IRB Infrastructure Developers, incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 7,791.65 Crore) operating in Construction sector.
IRB Infrastructure Developers key Products/Revenue Segments include Contract Revenue which contributed Rs 3,412.54 Crore to Sales Value (100 per cent of Total Sales)for the year ending 31-Mar-2017.
For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 1,816.88 Crore, up 11.66 per cent from last quarter Sales of Rs 1,627.12 Crore and up 19.74 per cent from last year same quarter Sales of Rs 1,517.33 Crore.
Company has reported net profit after tax of Rs 237.86 Crore in latest quarter.
The company’s top management includes Mr.Chandrashekhar S Kaptan, Mr.Mukeshlal Gupta, Mr.Sandeep J Shah, Mr.Sudhir R Hoshing, Mr.Sunil H Talati, Mr.Sunil Tandon, Mr.Virendra D Mhaiskar, Mrs.Deepali V Mhaiskar.
Company has S R Batliboi & Co. LLP as its auditors.
As on 30-06-2017, the company has a total of 351,450,000 shares outstanding.
The current market price of IRB Infrastructure Developers is Rs 221.2.
Time period given by analyst is intraday when IRB Infrastructure Developers price can reach defined target.
Sagar Doshi recommended to keep stoploss at Rs 211.
IRB Infrastructure Developers, incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 7,791.65 Crore) operating in Construction sector.
IRB Infrastructure Developers key Products/Revenue Segments include Contract Revenue which contributed Rs 3,412.54 Crore to Sales Value (100 per cent of Total Sales)for the year ending 31-Mar-2017.
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For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 1,816.88 Crore, up 11.66 per cent from last quarter Sales of Rs 1,627.12 Crore and up 19.74 per cent from last year same quarter Sales of Rs 1,517.33 Crore.
Company has reported net profit after tax of Rs 237.86 Crore in latest quarter.
The company’s top management includes Mr.Chandrashekhar S Kaptan, Mr.Mukeshlal Gupta, Mr.Sandeep J Shah, Mr.Sudhir R Hoshing, Mr.Sunil H Talati, Mr.Sunil Tandon, Mr.Virendra D Mhaiskar, Mrs.Deepali V Mhaiskar.
Company has S R Batliboi & Co. LLP as its auditors.
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As on 30-06-2017, the company has a total of 351,450,000 shares outstanding.
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