One of the biggest beneficiaries of this move could be a smallcap contractor of roads and highways — IRB Infrastructure. Even though its performance in the past one-and-a-half years has not given many reasons to write home about, its recent outbreak from a range, along with superb growth prospects, has made analysts gung-ho about it.
Price targets for the stock suggest analysts are valuing it at 4.55-5.5 times FY22 EV/Ebitda and a P/B of 1.1 compared with a historical average of 0.7 times. They see 25-63 per cent potential upside for the stock from here on.
The current market conditions, marked by a sharp increase in the asset prices in the equity markets without being impacted by stringent lockdowns, are challenging the notions of irrational exuberance once again.
Five million new 4G users, tariff hike hopes and record broadband customer addition send Airtel's stock to a 6-month high businessinsider.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.in Daily Mail and Mail on Sunday newspapers.
Retain investors stock picks: 7 falling stocks small investors picked in Q1 are in troubled waters indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Stellar Listing: GR Infra debuts with more than 100% gains equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
G R Infraprojects Limited IPO oversubscribed by over 100 times equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
G R Infraprojects Limited Issue subscribed 5.90 times, Retail portion booked 7.49 times on day 2 equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.