Buy IRB Infrastructure Developers, target Rs 280: Kunal Bothra

Buy IRB Infrastructure Developers at a price target of Rs 280 and a stop loss at Rs 235 from the entry point.

Independent analyst Kunal Bothra has a buy call on IRB Infrastructure Developers with a target price of Rs 280.

The current market price of IRB Infrastructure Developers is Rs 247.40.

Time period given by the analyst is intraday when IRB Infrastructure Developers price can reach defined target.

Kunal Bothra recommended to keep a stop loss at Rs 235.

IRB Infrastructure Developers, incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 8,561.32 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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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 30-09-2017, the company has a total of 351,450,000 shares outstanding.
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