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IRB Infra Shares Surge 4 Percent Following Upgraded Toll Guidance And Strong CLSA Outlook
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CNBC TV18•12-10-2026, 10:11
IRB Infra Shares Surge 4 Percent Following Upgraded Toll Guidance And Strong CLSA Outlook
- •IRB Infrastructure Ltd shares rose up to 4 percent after the management increased its FY27 toll collection guidance to between 22 and 24 percent.
- •Anil Yadav, CEO of business development and investments, confirmed that the monetization process for non-core assets has officially begun.
- •Global brokerage firm CLSA maintained an outperform rating on IRB Infra with a target price of 34.5 rupees, signaling a potential 90 percent upside.
- •CLSA highlighted strong toll growth across key projects, including an 11 percent increase at the Mumbai-Pune expressway and 13 percent at InvIT assets.
- •All six analysts covering the stock hold a buy recommendation, reflecting strong confidence in the company as India's leading toll platform.
Key Questions Answered
Anil Yadav, CEO of IRB Infra's business development and investments, stated that the company expects full-year toll collection to grow between 22% and 24% for financial year 2027, an increase from their initial 20% guidance.
CLSA maintained an outperform rating with a ₹34.5 price target, citing improved toll growth of 12% in the September quarter, 11% growth at the Mumbai-Pune expressway, and strong prospects tied to the NHAI's asset monetization plan.
Following the increased guidance, IRB Infra shares gained up to 4% to trade at ₹18.07, and all six analysts covering the stock maintained a buy recommendation with a consensus implying a 41% upside potential from current levels.
