IRB INFRA IS GOING TO BLAST!!!
IRB INFRA Toll Revenue for the month of June 2024 rises 35% Y-o-Y. More than 34000 cr order book having currently.
Currently IRB Infra moving within a range between 61 to 79. Any side it break give 25% return on breakout.
With a mind long term view at current level is good opportunity to buy near to support level as shown in chart for a target 1 is 80 and then target -2 is 100.
Short term - there is chances to break lower level as market conditions is not doing well.
But once think, 5% increase in toll charges current year and show 32% return in first quarter and in remaining quarter if such performance is there then it will boost the share price may be 150 too.
Currently IRB Infra moving within a range between 61 to 79. Any side it break give 25% return on breakout.
With a mind long term view at current level is good opportunity to buy near to support level as shown in chart for a target 1 is 80 and then target -2 is 100.
Short term - there is chances to break lower level as market conditions is not doing well.
But once think, 5% increase in toll charges current year and show 32% return in first quarter and in remaining quarter if such performance is there then it will boost the share price may be 150 too.
Ghi chú
In August, there is 20% increase in the toll collection Y-o-Y i.e Rs. 503 Cr in August 2024 as against Rs.417 Cr in August 2023. Despite current market conditions it is able to hold support. For Long-term view, it is still good opportunity to invest.
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