Multibagger stock: Here's everything you need to know about IRB Infra's stock split
Multibagger return:
IRB Infra stock
Shares of IRB Infra have delivered over 170% return to its shareholders in the last two years
IRB Infra share:
Performance on D-Street
Shares of IRB Infra hit its 52-week high of Rs 329.30 on December 14, 2022, and a 52-week low of Rs 179.05 on June 20, 2022
About IRB Infra
IRB Infrastructure Developers is India’s first Multinational Infrastructure player in the Highways segment. It has an asset base of over Rs 60,000 crore in ten states across the parent company and two InvITs
IRB Infra stock split
IRB Infra announced February 22, 2023, as the record date for the sub-division of its equity shares in the 10:1 ratio. 99.99% of shareholders favoured the Board’s decision to split Equity Shares of Rs 10 Face Value into a Share of Re 1 Face Value
What is a stock split?
A stock split happens when the shares are divided into two or more as per the split ratio. Also, the face value of the share changes with the stock split
IRB Infra: Q3 Performance
IRB Infra reported a 95% jump in its net profit at Rs 141.36 crore for the December 2022 quarter as against Rs 72.68 crore in the same quarter the previous year
IRB Infra: Toll collection
In January 2023, IRB Infra recorded a 36% year-on-year increase in toll collection at Rs 374.81 crore
IRB Infra: Project Portfolio
IRB Group’s project portfolio (including Private and Public InvIT) has 22 road projects that include 17 BOT, 1 TOT and 4 HAM projects
Disclaimer
The stock mentioned in the story is for information purposes only. Investors or market participants should consult their financial advisors before taking any position