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Multibagger Stock: There are many listed companies in the market that have given multibagger returns during the Corona period (Covid19 Pandemic). But according to the report of a brokerage house, the infrastructure sector company IRB Infrastructure Developers can give 3 times returns in the coming two and a half years. During trading in the stock market on Monday, the share of IRB Infrastructure Developers (IRB Infra Share Price) closed with a gain of 10 percent.
Domestic brokerage firm Ventura has said that the stock of IRB Infrastructure Developers can give returns of up to 300 percent in 30 months. The brokerage house has advised investors to buy the stock with a target of Rs 729. As soon as this report came, the stock closed at Rs 239 on Monday with a jump of 10.62 percent. If the brokerage house is to be believed, then the stock can show a further rise of Rs 490 in the next 30 months. Earlier, the company’s stock had touched the level of Rs 300 on 4 February 2022 and had fallen to the level of Rs 178 on 20 June.
The brokerage house said in its report that the shares of IRB Infrastructure Developers have underperformed. Because investors feared that the company was taking only BOT projects, which threatened to put pressure on the balance sheet. But the company has raised money from the legendary investor GIC through InvIT.
According to the report, the National Highway Authority of India has prepared a big plan for road construction, which can benefit companies like IRB Infrastructure Developers and Adani. The ratings of these companies are also better.
According to the brokerage house, by 2022-25, the revenue of IRB Infra can go up to Rs 9602 crore with a growth of 14.7 percent, then the profit of the company is estimated to increase by 64 percent to Rs 1593 crore.
Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)
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