Buy IRB Infrastructure Developers with a target Rs 261.0 -- Siddharth Bhamre

Independent analyst Siddharth Bhamre has a buy call on IRB Infrastructure Developers Ltd. with a target price of Rs 261.0 .The current market price of IRB Infrastructure Developers Ltd. is 239.3 Time period given by analyst is Intra Day when IRB Infrastructure Developers Ltd. price can reach defined target. recommended to keep stoploss at Rs 230.0 .

IRB Infrastructure Developers Ltd., incorporated in the year 1998, is a mid cap company (having a market cap of ₹ 8410.20 Cr.) operating in construction sector.

IRB Infrastructure Developers Ltd. key products/revenue Segments include contract revenue which contributed ₹ 2767.54 crore to Sales Value (100.00 % of total sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Consolidated sales of ₹ 1410.89 Cr., up 9.32 per cent from last quarter Sales of ₹ 1290.59 Cr. and up 5.82 per cent from last year same quarter Sales of ₹ 1333.32 Cr. Company has reported net profit after tax of ₹ 184.21 Cr. in latest quarter. The company’s CEO is Virendra D Mhaiskar. It's Board of Directors include Ajay P Deshmukh, Anil D Yadav, Chandrashekhar S Kaptan, D D Gadgil, Dhananjay K Joshi, Mandar R Jadhav, Mehul N Patel, Mukeshlal Gupta, N M P Nair, Nitin V Bansode, Prabhu D Arora, Rajendra K Agrawal, Rajesh Thamman, Rajpaul S Sharma, Sandeep J Shah, Sudhir R Hoshing, Sunil H Talati, Sunil Tandon, Virendra D Mhaiskar, Deepali V Mhaiskar, Wng Cmder Naresh Taneja, Mehul N Patel. The company has its registered office at 3rd Floor, IRB Complex,, Chandivli Farm,, Chandivli Village,, Mumbai, 400072, Maharashtra. Company has S R Batliboi & Co. LLP as its auditors. As on 31-12-2016, the company has a total of 351,450,000 shares outstanding.