IRB Infrastructure Developers Sees Surge in Trading Activity Amid Sector Challenges

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, saw a total traded volume of 31,413,396 shares, with a total traded value of approximately Rs 16,605.12 lakhs.
Opening at Rs 52.00, IRB reached a day high of Rs 53.48 and a day low of Rs 51.70, with the last traded price recorded at Rs 53.11. Despite this activity, the stock has underperformed its sector by 0.3%, although it has shown a slight gain of 0.17% for the day. Notably, IRB has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its recent performance.

Investor participation has notably increased, with a delivery volume of 1.76 crore shares on June 9, reflecting a significant rise of 171.77% compared to the 5-day average delivery volume. The stock's liquidity remains robust, accommodating trade sizes of Rs 2.05 crore based on 2% of the 5-day average traded value.

In summary, IRB Infrastructure Developers Ltd continues to demonstrate active trading dynamics within the construction sector, with key performance indicators reflecting a solid market position.

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.