BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Religare maintains buy on IRB Infrastructure
Religare has a target price of Rs 345 on IRB Infrastructure. It says IRB posted an in-line Q4FY16 as construction and BOT revenues grew 94% and 17% YoY, led by faster execution and commissioning of toll projects. It adds IRB's major toll projects saw 10-11% traffic growth in Q4. The EPC order book and order pipeline is strong, and IRB is well placed to compete in the roads sector.