Stay updated with breaking news from Infrastructure Developers. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Ventura Securities is bullish on IRB Infrastructure Developers has recommended buy rating on the stock with a target price of Rs 94 in its research report dated November 06, 2023.
Managing director Jayant Mhaiskar said the company will issue shares to Nagpur-based Ashmi Road Carriers (ARCPL) after approval from shareholders. "We have done our checks with regard to PPIRP and we qualify for the same. Separately, we are also talking to banks to restructure our loans in our operating company, MEP Infrastructure Private Limited (MIPL) by infusing ₹125 crore," he said.
Smallcap mutual funds are those that invest at least 65% of the corpus in smaller companies. These companies are often seen as having significant potential for alpha generation and future growth, though this potential comes with heightened risk.
Nifty is currently placed at the edge of breaking above the immediate hurdle of 21,850 levels and a decisive move above this resistance is likely to pull Nifty towards 22,000-22,100 levels in the short term. Immediate support is at 21720 levels, said Nagaraj Shetti of HDFC Securities.
A breakout above 22,150, Nifty may experience upward momentum, potentially reaching levels such as 22,500 and beyond, says Rupak De, Senior Technical Analyst, LKP Securities.