IRB Infra shares rise up to 3% after toll collections jump 20% in August

IRB Infrastructure Developers Limited shares rallied up to 3% on Tuesday, September 10, after the company reported a 20% jump in toll collections in August.

IRB Infrastructure shares rallied as much as 2.82% in morning trade to hit an intraday high of ₹63.63 per share on the NSE. More than 88 lakh shares of the company changed hands on the bourse.

However, the stock pared some of early gains to trade 1.49% higher at ₹62.8 per share on the NSE at 10.46 am.

IRB Infra shares are trading around 19% down from the 52-week high levels hit on June 7, 2024. The stock, however, has more than doubled compared to the 52-week low of ₹28.75 hit on September 21, 2024.

In the latest business update for August 2024 for its subsidiaries and joint venture entities, the company stated that the total toll collection rose by 20% to ₹502.6 crore in August 2024 compared to ₹417.2 crore in August 2023.

The company continued with robust toll collection growth in the second month of the Q2FY25, IRB infra informed the bourses.