News for IRB InvIT Fund (IRBINVIT.BO)

Why these PSU stocks will be in focus: Coal India, GRSE, Ircon International, RVNL

SEBI and BIA to launch DBIs for InvITs, enhancing transparency and data accessibility for informed investment decisions.

RB Infrastructure Developers Ltd. reported revenue/Ebitda/adjusted profit after tax of Rs 17.8/7.4/60 billion, beat/(miss) to our estimates of 5.9/-4.24/159% respectively. A combination of demand pangs and a revamp of its distribution system continues to weigh heavy on Relaxo Footwears Ltd.’s performance.

IRB Infrastructure Developers Ltd. on Friday said it has reported an 18.7% rise in profit after tax to Rs 222 crore in the December quarter.

Prestige Estates to launch ₹52,000 crore housing projects, ACME Solar secures ₹3,753 crore loan, Dr Reddy's recalls medications.

IRB Infrastructure Trust plans to transfer five highway assets to IRB InvIT Fund. The deal is valued at Rs 15,000 crore. The transfer is part of IRB's strategy to develop and then transfer stabilized assets to the public platform. IRB will use the proceeds to invest in new infrastructure projects.

The Nifty Realty index was trading 0.44 per cent at 975.15.

Adani Ports SEZ, Coal India Ltd, Trent, Apollo Hospital and Dr. Reddys were among the top losers on NSE.

HDFC Securities suggests adding IRB Infrastructure Developers shares with a target price of Rs 69. Currently, the share price is Rs 53.63. The company reported a decrease in income and a rise in net profit for the latest quarter. Future orders and increased toll growth are expected to improve the outlook.

In the Nifty pack, 17 stocks were trading in the green, while 33 stocks were trading in the red.

In the Nifty50 index, 16 stocks were trading in the green, while 34 stocks were in the red.

In the Nifty 50 index, 20 stocks were trading in the green, while 30 stocks were trading in the red.

The Nifty Realty index closed 0.47 per cent up at 1043.45.

The Nifty Bank index closed 0.59 per cent up at 50985.7.

The Nifty IT index closed 0.16 per cent down at 41506.2.

Tata Motors, Wipro, NTPC, Dr. Reddys and M&M were among the top losers on NSE in today's trade.

Jet Freight Logistic, TVS Electronics, Lypsa Gems, Bal Pharma and STL Global, hit their fresh 52-week highs during the day.

The Nifty Bank index closed 0.29 per cent up at 48115.65.

The Nifty Auto index closed 1.83 per cent up at 22874.8.