The company has started tolling two more projects and feels that there will be a positive impact of the interest cost and debt will be pared as a result of transfer of BOT assets to IRB InvIT.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Century Plyboards and Kotak Mahindra Bank and sell IRB Infra.
According to Mitessh Thakkar of mitesshthakkar.com, one can buy Ashok Leyland, CESC, Havells India and IRB Infra and can sell Container Corporation of India.,
According to Prakash Gaba of prakashgaba.com, crucial support for the Nifty is at 9920 and the resistance is at 10036-10069. On the other hand, Bank Nifty has support at 24650 and resistance at 25550.
Prakash Gaba of prakashgaba.com is of the view that IRB Infra can climb to Rs 230 while Larsen & Toubro can slide to Rs 1140.
Mitessh Thakkar of miteshthacker.com recommends buying Aditya Birla Nuvo and Godrej Consumer and advises selling Zee Entertainment, Bata India and Glenmark Pharma.
Mehraboon Irani of Nirmal Bang Securities is of the view that one may prefer IRB Infrastructure Developers and Man Infraconstruction.
Ruchit Jain of Angel Broking recommends buying Manappuram Finance with a target of Rs 104 and Ashok Leyland with a target of Rs 100.
Rajat Bose of rajatkbose.com is of the view that on ecan exit IRB Infra below Rs 215.
Ruchit Jain of Angel Broking recommends buying Hindustan Petroleum Corporation with a target of Rs 575 and Mahanagar Gas with a target of Rs 1027.
Mitessh Thakkar of miteshthacker.com suggests buying IRB Infra and Adani Ports.
According to Prakash Gaba of prakashgaba.com, Nifty has support at 9580-9540 and resistance at 9713 while Bank Nifty has support at 23200 and resistance at 23600.
In an interview to CNBC-TV18, Anil Yadav, Group CFO of IRB Infrastructure Developers spoke about the results and his outlook for the company.
Tata Steel | Golden Tobacco | JSW Steel | Edelweiss | Emami Paper | Shree Cement | Dishman Pharma | IRB Infra | Lupin | Umang Dairies | Future Enterprise | Ganesh Ecosphere and Capital First are stocks, which are in news today.
The first four infrastructure investment trusts (InvITs), which are likely to hit the primary markets this financial year, can reduce the overall debt of the sponsor groups by close to Rs 13,000 crores, says R
Ashwani Gujral of ashwanigujral.com
The company plans to raise over Rs 4,650 crore and the price band for the same has been fixed at Rs 100-102 per unit.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy SBI, IDBI Bank, Corporation Bank and IRB Infra and can sell Ujjivan Financial Services.
Infra stocks like NCC, IRB Infra, HCC, Patel Engineering, KNR Constructions, Simplex Infra and Gammon Infra to get astrological support, says Satish Gupta of astrostocktips.
Most of the company‘s projects are in the western part of India which is seeing a good traffic movement. The traffic volume is likely to grow by 5-6 percent in the next 3-6 months.
ITC | Oil India | A2Z Infra | IRB Infra | TTML | JSW Steel | JSPL | Ajanta Pharma | Dr Reddy's Laboratories | Reliance Industries | Country Club | Talwalkars | DCM | Indo Borax | Capri Global | Smartlink | Sunil Hitech Engineers | Fortis Healthcare | MT Educare | RBL Bank and Power Grid are stocks, which are in news today.
Emkay is bullish on IRB Infra has recommended buy rating on the stock with a target price of Rs 312 in its research report dated May 19, 2016.
Stocks in US kicked off with their best start to a month in more than three years. The major indices closed more than 2 percent higher, helped by a rise in oil prices and a better-than-expected ISM manufacturing report.
Emkay is bullish on IRB Infra and has recommended buy rating on the stock with a target price of Rs 312 in its research report dated January 29, 2016.
IDBI Bank | Natco Pharma | IRB Infra | Hathway Cable | Tata Motors | Bharti Airtel | Tata Steel | Ashok Leyland | Essel Infraprojects | PC Jeweller and Ashoka Buildcom are stocks,| which are in news today.