IRB Infrastructure Sees Increased Trading Activity Amidst Performance Challenges

IRB Infrastructure Developers Ltd, a small-cap player in the construction industry, has emerged as one of the most active equities today, with a total traded volume of 6,891,794 shares and a total traded value of approximately Rs 29.70 crores. The stock opened at Rs 44.21, matching its previous close, but has since experienced a decline, reaching a day's low of Rs 42.77, which represents a drop of 3.26% from the opening price. Currently, the last traded price stands at Rs 42.94.
The stock has been under pressure, having fallen consecutively for the last two days, resulting in a total return of -4.66% during this period. Notably, IRB Infrastructure is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging performance relative to its historical trends.

Despite these challenges, there has been a rise in investor participation, with a delivery volume of 532,000 shares on August 26, reflecting a 1.67% increase compared to the 5-day average. The stock remains liquid enough for trades sized at Rs 1.05 crores, based on 2% of the 5-day average traded value. Overall, IRB Infrastructure Developers continues to navigate a difficult market environment, with its performance metrics reflecting current challenges.

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.