SENSEX NIFTY
Jul 09, 2013, 06.43 PM IST | Source: CNBC-TV18

Hold IRB Infrastructure, target of Rs 120: Rajesh Agarwal

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, Head of Research of Eastern Financiers told CNBC-TV18, "I would recommend extending the time horizon in IRB Infrastructure Developers for at least 6-9 months and one will see a price target of Rs 120 in the stock. In fourth quarter, profit after tax (PAT) rose by around 26 percent."

"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.

Set email alert for

ADS BY GOOGLE

video of the day

See Nifty at 10460 by May '15; Brent at $ 95/bbl: Atul Suri

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.