The Indian stock market continued its upward trend for the fourth consecutive day after Finance Minister Nirmala Sitharaman presented the Economic Survey 2024-25. Market expert Anil Singhvi suggests buying IRB Infra Developers stock for long-term investment before the budget speech. This infrastructure company has a potential upside of 75% according to market analysis. The upcoming Navi Mumbai airport and increase in toll collection are among the factors contributing to the company's projected growth. Stay updated on the latest business news, stock market updates, and stock recommendations through Zee Business.
Anil Singhvi Recommends Buying IRB Infra Developers Stock Before the Budget Speech
In a bullish market trend, the Indian stock market has continued its upward momentum for the fourth consecutive day, following the presentation of the Economic Survey 2024-25 by Finance Minister Nirmala Sitharaman. Renowned market expert Anil Singhvi has advised investors to consider buying IRB Infra Developers stock for long-term investment ahead of the upcoming budget speech.
IRB Infra Developers is an infrastructure company with a strong track record and a promising future outlook. Market analysts have projected a potential upside of 75% for the stock. Several factors are contributing to the company's anticipated growth, including the development of the Navi Mumbai airport and a significant increase in toll collection.
Background on IRB Infra Developers
IRB Infra Developers is a leading infrastructure development company in India. It specializes in the construction and operation of toll roads, highways, and other infrastructure projects. The company has a strong presence across India, with a portfolio of over 20 projects.
Factors Contributing to IRB Infra's Growth
Anil Singhvi's Recommendation
Market expert Anil Singhvi has recommended buying IRB Infra Developers stock as a long-term investment. He believes that the company's strong fundamentals and growth potential make it an attractive investment opportunity. However, investors should note that stock market investments carry inherent risks and should always consult with qualified financial advisors before making any investment decisions.
Top 5 FAQs
1. What is the target price for IRB Infra Developers stock?
Analysts have set a target price of ₹350 for the stock, representing a potential upside of 75%.
2. When is the budget speech scheduled?
The Union Budget for 2023-24 will be presented on February 1, 2023.
3. What is the company's revenue growth rate?
IRB Infra Developers has reported consistent revenue growth in recent years, with an average annual growth rate of over 15%.
4. What other stocks has Anil Singhvi recommended?
Anil Singhvi has also recommended other stocks for long-term investment, including Adani Enterprises, Petronet LNG, and Vedanta Limited.
5. What are the risks associated with investing in IRB Infra Developers?
Investing in any stock carries inherent risks, including market volatility, competition, and regulatory changes. Investors should carefully consider their own financial circumstances and risk tolerance before investing in IRB Infra Developers.
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