Multibagger Alert: This infrastructure stock has delivered 137 per cent returns in 8 months!

Blessed by the budget, favoured by shareholders!

The infrastructure space has emerged as a winner post Union Budget 2022 presentation as it had been one of the favourite sectors of the finance minister. IRB Infrastructure Developers Ltd stock has been a multibagger delivering about 137 per cent returns in just the past eight months. It has become a buzzing stock on Dalal Street as the stock has risen about 5% on the back of positive sentiment expressed in the Union Budget 2022. 

The budget 2022 aimed at expanding the road network by 15 per cent and growing the current highway network by about 25,000 km in fiscal 2023. This announcement has led road construction companies to rally and IRB Infra is one such stock that you simply cannot ignore. The stock had rallied about 3 per cent yesterday and has hit the upper circuit today on the BSE. 

IRB Infrastructure Developers is a popular name in the road construction business because of its records and strong order book. 

Will this multibagger scrip continue its rally going ahead, only time will tell. But it’s worth keeping a watch on this infra stock! Stay tuned for more multibagger stories!