Key Points
IRB Infrastructure Developers share price surged 7% to touch a 52-week high on Tuesday's trading session after the company's toll collection jumped 26% year over year (YoY) to 488 crore from 388 crore..
The IRB Infrastructure Developers Ltd share price opened at 43.50 apiece on BSE and touched an intraday high of 45.15 and a low of 43.50..
According to Riyank Arora, Technical Analyst at Mehta Equities Ltd, IRB Infrastructure Developers stock price has given a good breakout above its recent swing high of 43.50..
The company reported in an exchange filing that along with its associate, the largest Infrastructure Investment Trust in India's highways sector, IRB Infrastructure Trust, together reported a 26% increase in toll collection in December 2023 compared to the same month in FY23, or December 2022..
With an asset base of over 77,000 crore spread across 12 States between the parent company and two InvITs, IRB is the largest integrated private toll road and highway infrastructure developer in India..
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