IRB Infrastructure Developers rose 5.88% to Rs 252.90 at 9:30 IST on BSE after the company said it has strong order book position.
Meanwhile, the BSE Sensex was down 5.17 points, or 0.02%, to 26,082.25.
On BSE, so far 3.26 lakh shares were traded in the counter, compared with an average volume of 11.80 lakh shares in the past one quarter.
The stock hit a high of Rs 254.25 and a low of Rs 246 so far during the day. The stock hit a 52-week high of Rs 275.50 on 8 July 2014. The stock hit a record low of Rs 51.90 on 2 August 2013.
The stock had outperformed the market over the past one month till 30 July 2014, rising 4.12% compared with 2.65% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 108.15% as against Sensex's 16.37% rise.
The mid-cap company has an equity capital of Rs 332.36 crore. Face value per share is Rs 10.
IRB Infrastructure Developers' order book stands at approximately Rs 11350 crore, out of which Rs 9400 crore worth of order book is to be executed in the next three to four years. This construction order book gives IRB good visibility for the next three years, the company said in a statement.
On a consolidated basis, the company's net profit rose 11.76% to Rs 150.39 crore on 2.37% decline in total income to Rs 1036.71 crore in Q1 June 2014 over Q1 June 2013. EBITDA (earnings before interest, taxes, depreciation and amortization) rose 22% to Rs 589 crore in Q1 June 2014 over Q1 June 2013. The result was announced after market hours on Wednesday, 30 July 2014.
IRB is an integrated infrastructure development and construction company with significant experience in the toll roads and highways sector.
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