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IRB Infrastructure shares in focus as December toll collection surges 19%

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[hfe_template id='11223'] [ad_1] IRB Infrastructure Developers' shares will remain in focus on Friday, January 10, following the company's announcement of a 19% year-on-year (YoY) increase in toll collections for December 2024. The total toll collection for the month reached Rs 580 crore, up from Rs 488 crore in December 2023. Amitabh Murarka, Deputy CEO, stated, "We have seen impressive growth in the current month across our portfolio. Looking ahead, we expect this upward trend in toll collection to continue, driven by India's robust GDP growth, which should boost vehicular traffic across our 12-state network." Also Read : Q3 woes: Cement companies may face earnings downgrades again IRB Infra Q2 FY25 performance IRB Infrastructure Developers reported a 9.1% YoY decline in revenue for Q2 FY25, totaling Rs 158.6 crore, down from Rs 174.5 crore in Q2 FY24. However, the company posted a 4.3% increase in consolidated net profit, which reached Rs 99.8 cr...

Zomato, Paytm, Jio Financial among 55 stocks in focus as BSE revises circuit limits

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[hfe_template id='11223'] [ad_1] Shares of Zomato, Paytm, Jio Financial, and 52 other companies will be in focus on Friday after the leading exchange, BSE, revised the circuit limits. Other major names include LIC, Adani Total, Angel One, DMart, Cyient, PB Fintech, Union Bank of India, IRB Infrastructure, Oil India, Indian Bank, and JSW Energy. The price band limits have been adjusted to 10% for 46 stocks, including prominent names like Zomato, YES Bank, Varun Beverages, Tata Elxsi, Paytm, Oil India, Nykaa, and NCC. Additionally, four stocks will now have a 5% circuit limit, while five others will see their limits revised to 2%. So far, BSE has had a daily price band mechanism — a maximum permissible limit within which the share price can move in a day. Listed securities are assigned a daily price band of either 20%, 10%, 5%, or 2%, based on pre-decided joint criteria. Also Read: Adani stocks in focus as banks review group exposure The new long-duration price band framew...