External broker reports(aggregated public sources), Ventura Securities Ltd

Ventura Securities

Ventura Securities Ltd. (Ventura) commenced operations in 1994 as a stock broking house. Over the past two decades, we have grown into a group of companies that provides a complete array of financial products and services.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Ventura Securities Ltd

Ventura Securities Ltd. (Ventura) commenced operations in 1994 as a stock broking house. Over the past two decades, we have grown into a group of companies that provides a complete array of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

IRB Infrastructure Developers / Equity Bottom-Up

<ul><li>Ventura Securities report onIRB Infrastructure Developers Since our past reportson IRB Infrastructure Developers Ltd (IRB) on Oct 14, 2022 (at a price of INR 22 with a TP of INR 73) and Nov 6, 2023 (at a price of INR 35 with a TP of INR 94), the stock rallied to its peak price of INR 72 on Feb 5, 2024, before declining to the CMP of INR 59.</li><li>We are of the opinion that this downturn is solely a result of the broader market correction affecting midcap stocks, and IRB possesses considerable growth potential stemming from its increased number of free cash flow generating projects.</li><li>Our conviction in the growth story is further emboldened by the fact that Cintra (an affiliate of Ferrovial) is looking to acquire a shareholding of 24% in IRB Infrastructure Trust (IRBTrust) from GIC.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Ventura Securities report onIRB Infrastructure Developers Since our past reportson IRB Infrastructure Developers Ltd (IRB) on Oct 14, 2022 (at a price of INR 22 with a TP of INR 73) and Nov 6, 2023 (at a price of INR 35 with a TP of INR 94), the stock rallied to its peak price of INR 72 on Feb 5, 2024, before declining to the CMP of INR 59.We are of the opinion that this downturn is solely a result of the broader market correction affecting midcap stocks, and IRB possesses considerable growth potential stemming from its increased number of free cash flow generating projects.Our conviction in the growth story is further emboldened by the fact that Cintra (an affiliate of Ferrovial) is looking to acquire a shareholding of 24% in IRB Infrastructure Trust (IRBTrust) from GIC.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

IRB Infrastructure Developers Ltd - Constructing with a Profitable Growth