Sell IRB Infrastructure Developers, target Rs 120: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a sell call on IRB Infrastructure Developers Ltd. with a target price of Rs 120. The current market price of IRB Infrastructure Developers Ltd. is Rs 128.15 Time period given by the analyst is Intra Day when IRB Infrastructure Developers Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 132. IRB Infrastructure Developers Ltd., incorporated in 1998, is a midcap company with a market cap of Rs 4503.83 crore.

IRB Infrastructure Developers Ltd. key Products/Revenue Segments include Contract Revenue which contributed Rs 3412.54 Crore to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 1537.95 Crore, up 11.27 % from last quarter Sales of Rs 1382.24 Crore and down -15.35 % from last year same quarter Sales of Rs 1816.88 Crore Company has reported net profit after tax of Rs 250.10 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 30-06-2018, the company has a total of 351,450,000 shares outstanding.