IRB Infra Developers advances 4% post Q1 results; here's what analysts say

Credible track record of over two decades helped us raise sufficient liquidity even during these difficult times, says Virendra D Mhaiskar, Chairman and Managing Director of IRB Infra

Shares of IRB Infrastructure Developer advanced up to 4.2 per cent to quote at Rs 130 on the BSE on Tuesday after brokerages maintained their 'Buy' call on the stock post its June quarter result announcement. At 1:35 pm, the stock was up around a per cent at Rs 126 per share, as against 0.21 per cent rise in the benchmark S&P BSE Sensex.

The highway developer on Monday reported a consolidated net loss of Rs 30.13 crore for the quarter ended June, as against a consolidated profit of Rs 206.62 crore in the corresponding quarter of previous fiscal. Moreover, its