CLSA Predicts Up to 70% Rally for IRB Infra, NCC Shares Driven by Promoter Buying

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IRB Infra, NCC Shares Could Soar 70% on Promoter Buying: CLSA

IRB Infra, NCC Shares Could Soar 70% on Promoter Buying: CLSA

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CNBC TV18•06-03-2026, 08:33

IRB Infra, NCC Shares Could Soar 70% on Promoter Buying: CLSA

•CLSA maintains 'Outperform' rating for IRB Infrastructure Developers and NCC Ltd.
•IRB Infra target price ₹69 (70% upside); NCC target price ₹234 (63% upside).
•Promoter buying signals strong confidence and potential business turnaround.
•IRB's tolling business shows 11% YTD growth; NCC's order backlog grew 43% YoY.
•IRB plans to be net debt-free by FY30; NCC expects Q4FY26 recovery.

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