IRB Infrastructure Sees Surge in Trading Activity Amid Price Recovery Trends

IRB Infrastructure Developers Ltd, a prominent player in the construction industry, has emerged as one of the most active equities today, with a total traded volume of 15,806,333 shares and a total traded value of approximately Rs 80.53 crores. The stock opened at Rs 49.80 and reached an intraday high of Rs 52.10, reflecting a gain of 4.81% during the trading session. The last traded price (LTP) stands at Rs 51.72, marking a 3.64% increase for the day, significantly outperforming the sector's return of 1.35% and the Sensex's return of 0.77%.
Notably, IRB Infrastructure has shown a trend reversal, gaining after two consecutive days of decline. The stock's performance is also supported by a delivery volume of 1.06 crore shares on May 20, which is a 32.53% increase compared to the five-day average delivery volume. Additionally, the stock's liquidity remains robust, with trading activity reflecting 2% of the five-day average traded value, indicating it is liquid enough for a trade size of Rs 1.09 crore.

Overall, IRB Infrastructure Developers Ltd has demonstrated a strong performance today, characterized by increased trading activity and a positive shift in its price trajectory.

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.