IRB Infrastructure Developers fell 4.86% to Rs 180.15 at 15:04 IST on BSE after consolidated net profit fell 5% to Rs 142.18 crore on 12.27% increase in total income to Rs 1324.21 crore in Q2 September 2016 over Q2 September 2015.
The result was announced during trading hours today, 22 November 2016.Meanwhile, the BSE Sensex was up 157.87 points, or 0.61%, to 25,923.01.
On BSE, so far 4.40 lakh shares were traded in the counter, compared with average daily volume of 3.53 lakh shares in the past one quarter. The stock hit a high of Rs 194.15 and a low of Rs 178.20 so far during the day. The stock hit a 52-week high of Rs 269.30 on 4 January 2016. The stock hit a 52-week low of Rs 178.20 on 22 November 2016. The stock had underperformed the market over the past 30 days till 21 November 2016, falling 23.66% compared with the 8.23% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 19.24% as against Sensex's 7.95% decline.
The mid-cap company has equity capital of Rs 351.45 crore. Face value per share is Rs 10.
IRB Infrastructure Developers is an integrated infrastructure development and construction company with significant experience in toll roads and highways sector.
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