HDFC Securities Gives a Buy Call on IRB Infrastructure Developers with a Target of Rs. 142

  • | Wednesday | 24th June, 2020

HDFC Securities is bullish on BSE and NSE listed IRB Infrastructure Developers Ltd. (IRB), India’s leading and largest highway infrastructure developers, with an asset base of over Rs. 45,000 Crs., has recommended Buy rating on the stock with a target price of Rs. Achieved financial closure and commenced tolling post receiving appointed date from the NHAI for the Hapur-Moradabad NH-9 BOT project. All BOT projects under IRB umbrella are revenue-generating now. IRB Group’s portfolio comprises 21 projects including 19 BOT, 1 TOT, and 1 HAM projects.

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