From Rs 10.63 to Rs 74: Heavy buying witnessed in this multibagger infrastructure stock; gains about 600 per cent!

Shares of the company gained more than 80 per cent in the last six months.

IRB Infrastructure Developers Limited has posted strong Quarterly Results in Q4FY24. The shares of the company made a new 52 week high on Thursday. The revenue of the company stood at Rs 2061.24 crore which grew by 27.24 per cent YoY. The operating profit of the company stood at Rs 1333.12 crore which grew by 59.15 per cent on a YoY basis, while the PAT of the company stood at Rs 324.20 crore, which increased by 94.23 per cent on a YoY basis.

IRB Infrastructure Developers Limited is an infrastructure development and construction company in India with extensive experience in the roads and highways sector. It is also in other business segments in the infrastructure sector, including maintenance of roads, construction, airport development and real estate.

Shares of IRB Infrastructure Developers Limited have also delivered multibagger returns to their shareholders in the last three years. During this period, the company’s share price jumped from Rs 10.63 on May 28, 2021, to Rs 74.05 on May 23, 2024, an increase of about 600 per cent in a three-year holding period. Additionally, FIIs have slightly increased their stake in the company in March 2024. The company is well-positioned for future growth, with a strong order book of Rs. 35,000 crores.

The stock has shown impressive growth, and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.