IRB Infra gains 3% as board plans to mull stock split proposal on January 4

In the past one month, the stock of IRB Infra outperformed market, as they surged 29 per cent, as compared to nearly 1 per cent decline in the S&P BSE Sensex

Shares of IRB Infrastructure Developers were up 3 per cent to Rs 322.50 in Tuesday’s intra-day trade, in an otherwise weak market, after the civil construction company announced that their board will meet on January 4, 2023, to mull stock split proposal. The board will consider sub division of face value of equity shares of the company from Rs 10 to lower denomination.

“A meeting of the board of directors of the company is scheduled to be held on January 4, 2023, to consider, inter-alia, a proposal for alteration in the share capital of the company by sub-division/split of