Monday 4 January 2016

IRB Infra rallies 8% after Jammu & Kashmir tunnel order

The company have received the Letter of Award from Ministry of Road Transport & Highways, Govt. Of India for Construction, Operation and Maintenance of Zozila Tunnel including approaches on NH-1 in the State of Jammu & Kashmir on Design, Build, Finance, Operate & Transfer basis.


IRB Infrastructure Developers
IRB Infrastructure Developers Ltd rallied 8.2% to Rs.265 on BSE. The company have received the Letter of Award from Ministry of Road Transport & Highways, Govt. Of India for Construction, Operation and Maintenance of Zozila Tunnel including approaches on NH-1 in the State of Jammu & Kashmir on Design, Build, Finance, Operate & Transfer basis. 

The scrip opened at Rs. 269 and has touched a high and low of Rs. 269.3 and Rs. 262.15 respectively. So far 1689880(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 8605.25 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 275.5 on 03-Feb-2015 and a 52 week low of Rs. 197.2 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 249.1 and Rs. 239.5 respectively.

The promoters holding in the company stood at 57.79 % while Institutions and Non-Institutions held 35.93 % and 6.28 % respectively.

The stock is currently trading below its 50 DMA.

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