IRB Infrastructure unit wins ₹92.7 billion contract
after close1 source ↓written by the desknot a recommendation
- Infrastructure Developers rose
- 5%
- after its unit
- ₹45
- $1.04 billion contract
- ₹92.7 billion
- price target
- ₹60
Shares of IRB Infrastructure Developers rose 5% to ₹45 after its unit secured a ₹92.7 billion ($1.04 billion) contract from the National Highways Authority of India. This project involves operating and maintaining highways in Uttar Pradesh. Analysts maintain a positive outlook, with an average rating of "buy" and a median price target of ₹60.
Not investment advice. For informational purposes only.