Jul 09, 2013, 06.43 PM | Source: CNBC-TV18
Rajesh Agarwal, Head of Research of Eastern Financiers is of the view that one may hold IRB Infrastructure Developers with a price target of Rs 120 in the next three to six months.
Rajesh Agarwal (more)
, Aum Capital | Capital Expertise: Equity - Fundamental
"They have a strong balance sheet to grab opportunities for road sector. One can hold it with a price target of Rs 120 in the next three to six months," he added.
The share touched its 52-week high Rs 161.40 and 52-week low Rs 86.10 on 04 October, 2012 and 25 June, 2013, respectively. Currently, it is trading 39.87 percent below its 52-week high and 12.72 percent above its 52-week low. Market capitalisation stands at Rs 3,225.59 crore.
IRB Infrastructure shares gained 3 percent intrada
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Sandeep Wagle of powermywealth.com advises buying