IRB INFRA. Surges by 5%; BSE REALTY Index Up 3.1%
May 24, 2019 01:38 PM

IRB INFRA. share price has zoomed 5% and is presently trading at Rs 136.

Meanwhile, the BSE REALTY Index is at 2,151 (up 3.1%).

Among the top Gainers in the BSE REALTY Index today are IRB INFRA. (up 5.1%) and INDIABULLS REAL EST (up 9.0%).

PHOENIX MILL (down 0.4%) is among the top loser today.

Over the last one year, IRB INFRA. has moved down from Rs 228 to Rs 136, registering a loss of Rs 92 (down 40.9%).

On the other hand, the BSE REALTY has moved down from 2,222 to 2,151, loss of 71 points (down 3.5%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were SUNTECK REALTY (up 18.5%), GODREJ PROPERTIES (up 16.4%) and OBEROI REALTY (up 10.5%).

What About the Benchmark Indices?

The BSE Sensex is at 39,396 (up 1.0%).

The top gainers among the BSE Sensex stocks today are BHARTI AIRTEL (up 3.7%), ICICI BANK (up 3.5%) and L&T (up 3.5%). Other gainers include M&M (up 3.1%) and SBI (up 2.6%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,832 (up 1.1%). L&T (up 3.6%) and BHARTI AIRTEL (up 3.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,345 to 39,396, registering a gain of 5,051 points (up 14.1%).

IRB INFRA. Financial Update...

IRB INFRA. net profit stood at Rs 2 billion for the quarter ended December 2018, compared to a profit of Rs 2 billion a year ago. Net Sales rose 38.0% to Rs 17.9 billion during the period as against Rs 13.0 billion in October-December 2017.

For the year ended March 2018, IRB INFRA. reported 10.8% increase in net profit to Rs 7.9 billion compared to net profit of Rs 7.2 billion during FY17.

Revenue of the company grew 2.6% to Rs 57 billion during FY18.

The current Price to earnings ratio of IRB INFRA., based on rolling 12 month earnings, stands at 5.4x.