IRB Infrastructure Developers Sees Surge in Trading Volume Amid Strong Market Performance

IRB Infrastructure Developers Ltd, a prominent player in the construction industry, has emerged as one of the most active equities by volume today. The stock, trading under the symbol IRB, recorded a total traded volume of 26,947,826 shares, with a total traded value of approximately Rs 14,228.45 lakhs.
Opening at Rs 52.00, IRB reached an intraday high of Rs 53.48, reflecting a gain of 3.54% during the trading session. The stock's last traded price (LTP) stands at Rs 53.32, marking a notable performance as it has outperformed its sector by 2.47%. Over the past two days, IRB has shown a consecutive gain, rising 5.61% in returns.

Additionally, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Investor participation has also increased, with a delivery volume of 1.09 crore shares on June 6, which is up by 103.87% compared to the 5-day average. With a market capitalization of Rs 32,199.95 crore, IRB Infrastructure Developers continues to demonstrate robust liquidity, suitable for trades of Rs 1.66 crore based on 2% of the 5-day average traded value. Overall, the stock's performance today reflects a positive trend within the construction sector.

Note : Historical numbers are not comparable for this company due to transfer of 9 assets by IRB to Private InvIT in FY20.

Pledge shareholding: IRB has provided a non-disposal undertaking (committing not to sell a certain percentage of their holding in IRB) to GIC and the Ferrovial Group.