- IRB Infra share price: Shares of IRB Infrastructure Developers hit upper circuit of 5% on Tuesday. Shares of the company reached an intraday high of Rs 72.
Shares of IRB Infrastructure Developers hit an upper circuit of 5% on Tuesday.
Stock To Buy: The shares of IRB Infrastructure Developers (IRB Infra share price) hit an upper circuit of 5% on Tuesday. Shares of the company reached an intraday high of Rs 72. There has been a continuous rise in the shares for the last four trading days. Today the stock opened at ₹68.32 against its previous close of ₹68.20 and jumped 5.5 per cent to ₹71.98 in intraday trade on NSE on Tuesday, July 16. According to market experts, this stock may rise in the coming days. Experts have advised to buy it.
What is the target price?
Brokerage firm Prabhudas Lilladher recommends buy on the stock with a target price of ₹84 and stop loss of ₹66. Prabhudas Lilladher observed that the stock has seen an upward trend in the last year. The Relative Strength Index (RSI) is also rising, indicating strength. IRB Infra is consolidating within the price range of around ₹66-₹70. Jigar S Patel, Senior Manager, Equity Research at Anand Rathi Share & Stock Brokers, said that the stock has recently given a decisive breakout with substantial trading volumes.
Investors pounce on shares priced at ₹22, rush to buy, impact of this announcement
condition of shares
IRB Infra shares have seen tremendous growth in the last one year. It has given a return of 170% in a year. During this period its price increased from Rs 26 to the present price. This stock has risen 700% in five years. Five years ago these shares were priced at Rs 9. The stock hit a 52-week high of ₹78.15 in June this year and saw some profit-booking thereafter. Its 52-week low is Rs 24.95, which was reached on August 2 last year.
