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IRB Infra in demand as FM announces increase in rural infrastructure allocation

16 Mar 2012 Evaluate

Finance Minister, Pranab Mukherjee announced rural infrastructure allocation increased to Rs 20,000 crore.

IRB Infrastructure Developers is currently trading at Rs. 197.05, up by 6.00 points or 3.14% from its previous closing of Rs. 191.05 on the BSE.

The scrip opened at Rs. 193.00 and has touched a high and low of Rs. 199.50 and Rs. 191.95 respectively. So far 212243 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 229.95 on 08-Apr-2011 and a 52 week low of Rs. 121.00 on 03-Jan-2012.

Last one week high and low of the scrip stood at Rs. 202.70 and Rs. 183.85 respectively. The current market cap of the company is Rs. 6552.56 crore.

The promoters holding in the company stood at 67.55% while Institutions and Non-Institutions held 23.90% and 8.55% respectively.

Peers
Company Name CMP
Larsen & Toubro 3819.50
Kalpataru Projects 1390.30
NCC 135.00
Rail Vikas Nigam 197.10
KEC International 397.60
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