Board Of Multibagger Infra Sector Stock To Meet For Stock Split: Shares Rally

Leading company operating in Infrastructure sector, IRB Infrastructure Developers Ltd said its board of directors are scheduled to hold a meeting on January 4, 2023 to consider the proposal of stock split of existing equity shares. The mid cap company has a market capitalisation of Rs 19,207 crore. The stock has given multibagger returns to investors. Check details below:

1. Board Of IRB Infrastructure Developers To Meet For Stock Split

The board of directors of the company said in the BSE filing dated December 19, 2022, "Pursuant to regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, this is to inform that a meeting of the Board of Directors of the Company is scheduled to be held on January 04, 2023, to consider, inter-alia, a proposal for alteration in the share capital of the Company by sub-division/split of existing equity shares having face value of Rs. 10/- each, fully paid up."

2. IRB Infrastructure Developers Stock Performance

The current market price of IRB Infrastructure Developers is Rs 318 apiece with an intraday gain of 1.68%. The stock's 52-week high is Rs 329 apiece and 52-week low is Rs 179 apiece, respectively.

3. IRB Infrastructure Developers Return

The stock has delivered multibagger returns to investors with last 5-years return at 36%, last 3-years return at 358%, and last 1-year return at 53%. The shares have jumped 41% in last 3-months and 26% in last 1-month. The shares have rallied 76% in last 6-months.

4. About IRB Infrastructure Developers

IRB Infrastructure Developers Ltd. is India's leading integrated and first multi-national infrastructure developer in highways sector, with major presence in the Build-Operate-Transfer (BOT) space, carrying high pride to be part of India's transformation, according to its official website.

Disclaimer

The stock provides details related to stock split. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.