IRB INFRA Share Price Up by 6%; BSE REALTY Index Down 1.1%
March 31, 2021 09:24 AM

IRB INFRA share price has zoomed 6% and is presently trading at Rs 112.

Meanwhile, the BSE REALTY Index is at 2,626 (down 1.1%).

Among the top Gainers in the BSE REALTY Index today is IRB INFRA (up 6.2%).

INDIABULLS REAL EST (down 0.3%) and GODREJ PROPERTIES (down 0.5%) are among the top losers today.

Over the last one year, IRB INFRA has moved up from Rs 54 to Rs 112, registering a gain of Rs 58 (up 103.6%).

On the other hand, the BSE REALTY has moved up from 1,439 to 2,626, registering a gain of 1,187 points (up 80.1%) during the last 12 months.

The top buzzing stocks among the BSE REALTY Index stocks during this same period were SOBHA (up 236.5%), MAHINDRA LIFESPACE (up 194.7%) and INDIABULLS REAL EST (up 99.9%).

What About the Benchmark Indices?

The BSE Sensex is at 50,050 (down 0.8%).

The top gainers among the BSE Sensex stocks today are ULTRATECH CEMENT (up 0.3%), NESTLE (up 0.2%) and L&T (up 0.2%). Other gainers include AXIS BANK (up 0.1%) and NTPC (up 0.1%). The most traded stocks in the BSE Sensex are AXIS BANK and NTPC.

In the meantime, NSE Nifty is at 14,814 (down 0.7%). The top gainers in the NSE Nifty include GAIL (up 2.3%), TATA MOTORS (up 1.7%) and DIVIS LABORATORIES (up 1.2%). Other gainers include NTPC (up 0.8%) and UPL (up 0.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 29,947 to 50,050, registering a gain of 20,103 points (up 66.16%).

IRB INFRA Financial Update...

IRB INFRA net profit stood at Rs 2 billion for the quarter ended March 2020, compared to a profit of Rs 2 billion a year ago. Net Sales declined 9.1% to Rs 15.8 billion during the period as against Rs 17.4 billion in January-March 2019.

For the year ended March 2019, IRB INFRA reported 7.2% increase in net profit to Rs 8.5 billion compared to net profit of Rs 7.9 billion during FY18.

Revenue of the company grew 17.8% to Rs 67 billion during FY19.

The current Price to earnings ratio of IRB INFRA, based on rolling 12 month earnings, stands at 5.2x.