IRB Infra extends losses to fourth day, slips 13% to hit over 6-year low

Extending their losses into the fourth consecutive session, shares of IRB Infrastructure Developers slipped 13 per cent in the intra-day trade on Friday, to hit an over six-year low of Rs 56 apiece on the BSE on concerns of weak earnings.

The stock of the roads and highways construction company was trading at its lowest level since August 2013, and was 7 per cent away from its all-time low price of Rs 52 hit on August 2, 2013.

In the past two months, IRB Infra has underperformed the market by falling 42 per cent after the company informed the stock