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On the technical charts, the RSI of the stock stood at 24.97.

The stock traded at a P/E multiple of 25.13, while the price-to-book value ratio stood at 5.58.

Promoters held 74.65 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 9.95 per cent and 5.95 per cent, respectively.

Five stocks saw fresh long positions on November 5: Jubilant FoodWorks, UBL, NMDC, SAIL, and Jindal Steel. All experienced increases in open interest and stock prices, signaling a bullish trend.

A total of 269,072 shares changed hands on the counter till 11:45AM (IST).

The Relative Strength Index of the stock stood at 36.51 on Tuesday.

HDFC Securities suggests adding IRB Infrastructure Developers shares with a target price of Rs 69. Currently, the share price is Rs 53.63. The company reported a decrease in income and a rise in net profit for the latest quarter. Future orders and increased toll growth are expected to improve the outlook.

Bernstein predicts a further decline in the Indian stock market due to a potential economic slowdown, with earnings misses becoming a trend across sectors. The firm forecasts the Nifty 50 index to drop to 23,500 by year-end, citing slowing growth and weak demand as key factors.

We also know that the two candidates have very different policies and the longer it drags on, the more the uncertainty will be there. And definitely that is a risk that is there in the market. So, it is too difficult to call out how the election will be, clearly. But the uncertainty is creating some concern for the investors. But people like us, we basically try to take advantage of that, so we are okay.

The stock traded at a P/E multiple of 36.80, while the price-to-book value ratio stood at 3.89.