IRB Infrastructure Developers Ltd Sees 28.3 Million Shares Traded, 4.75% Gain Today

IRB Infrastructure Developers Ltd, a small-cap player in the construction industry, has emerged as one of the most active equities by volume today. The stock, trading under the symbol IRB, saw a total traded volume of 28,278,564 shares, with a total traded value of approximately Rs 12,728.18 lakhs.
Opening at Rs 45.00, IRB experienced a notable intraday performance, reaching a high of Rs 45.75, reflecting a gain of 6.49% during the trading session. The stock has shown resilience, gaining 4.91% over the past two days, outperforming its sector by 2.22%. However, it is important to note that the stock's delivery volume has decreased by 10.21% compared to the five-day average, indicating a decline in investor participation.

Currently, the stock's last traded price stands at Rs 44.80, which is above its 5-day, 20-day, and 50-day moving averages, yet remains below the 100-day and 200-day moving averages. With a market capitalization of Rs 25,913.00 crore, IRB Infrastructure Developers continues to demonstrate significant activity in the market. Overall, the stock's performance today reflects a mix of positive momentum and declining investor engagement.

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.