There has been a lot of volatility in the stock market for the last 8 weeks, due to which the stocks that performed better than expected in the last few years have seen a huge decline.
In such a situation, investors are facing a lot of difficulties before taking any step.
One such midcap company is IRB Infra, whose share has made its investors rich in the last five years, but due to the ongoing volatility in the market, it is registering a huge decline.
Experts Gave This suggestion
An expert has shared their suggestions on IRB Infra.
During the conversation, experts said that negative buyers are currently active in this stock of the infrastructure sector.
In the last week of October and till now in November, whenever this stock crossed the level of Rs 50, profit booking is seen in it. It is getting support at the level of Rs 48.
Market experts further said that in such a situation, shareholders investing at the current level should exit or keep a stop loss at the level of Rs 48.
Fluctuation In Shares Continues
In early Tuesday trade, the share of IRB Infrastructure Developers Limited made an intraday high of Rs 52.19, up about 2.5 percent from the previous close price of Rs 51.14.
However, it saw fluctuations later and was trading at Rs 50.56 at 2:27 pm.
Return Of Tore Than 600 Percent In Five Years
The share of IRB Infrastructure has fallen by more than 3 percent in the last five days, while the stock has fallen by about 14 percent in one month.
At the same time, if we talk about 6 months, it has weakened by 21 percent.
However, investors made a profit of about 45 percent in a year. At the same time, shareholders who bought shares five years ago have become rich.
In fact, on November 15, 2019, the shares of IRB Infra were trading at the level of Rs 7.16, while after five years i.e. on November 12, 2024, it is trading at the level of Rs 50.56.
During this period, the shares have given more than 600 percent return to its investors.
Quick Fact
| Company name | IRB Infra |
|---|---|
| Sector | Infrastructure |
| Recent Volatility | Last 8 weeks |
| Market Performance | Decline in share price |
| Suggested Action | Exit or stop loss at ₹48 |
| Support Level | ₹48 |
| Profit Booking Level | ₹50+ |
| October-November Fluctuation | Crossed ₹50, then declined |
| Intraday High (Nov 12, 2024) | ₹52.19 |
| Previous Close Price | ₹51.14 |
| Trading Price (Nov 12, 2024) | ₹50.56 |
| 5-Day Change | -3% |
| 1-Month Change | -14% |
| 6-Month Change | -21% |
| 1-Year Return | 45% |
| 5-Year Return | 600%+ |
| 2019 Price (Nov 15) | ₹7.16 |
| 2024 Price (Nov 12) | ₹50.56 |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
