Sell IRB Infrastructure Developers, target Rs 77: Shrikant Chouhan

Shrikant Chouhan of Kotak Securities Limited has a sell call on IRB Infrastructure Developers Ltd. with a target price of Rs 77. The current market price of IRB Infrastructure Developers Ltd. is Rs 81.5. Time period given by the analyst is Intra Day when IRB Infrastructure Developers Ltd. price can reach the defined target. Shrikant Chouhan recommended to keep stoploss at Rs 83.1. IRB Infrastructure Developers Ltd., incorporated in 1998, has a market cap of Rs 2864.32 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 30-06-2019, the company has reported a Consolidated sales of Rs 1773.04 Crore, down -9.00 % from last quarter Sales of Rs 1948.30 Crore and up 15.29 % from last year same quarter Sales of Rs 1537.95 Crore Company has reported net profit after tax of Rs 206.62 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 30-06-2019, the company has a total of 351,450,000 shares outstanding.