IRB Infrastructure shares jumped 10% on Thursday to hit the day’s high of Rs 59.25 on the NSE following a rating upgrade by Kotak Securities from an earlier ‘Sell’ stance to ‘Add’. The domestic brokerage also revised its price target upwards to Rs 65 from Rs 60.
The stock traded amid significant volumes with more than 1.69 crore shares changing hands on the NSE around 10 am. The total traded value of the share stood at Rs 98.81 crore around this time.
