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Subscribe to enjoy similar stories. Buy above: ₹104 | Stop: ₹101 | Target: ₹109-111 AB Infrabuild operates in the infrastructure and construction sector, which has seen robust growth due to government initiatives and increased spending on urban development projects. The company’s stock has delivered impressive returns, with a 113% gain over the past year, outperforming its sector peers.
In the December quarter, AB Infrabuild reported revenue of about ₹75.41 crore, a significant increase from previous quarters. Profit after tax stood at ₹5.27 lakh, reflecting strong operational efficiency and cost management. The company’s consistent performance and strategic execution make it a key player in the infrastructure sector.
Also read | Mint Explainer: What Sebi decided at its first board meeting under the new chief After nearly doubling in prices since the mid-2024 the AB Infrabuild stock underwent some profit booking but the price was not damaged, indicating that the bullish momentum is intact. The last few weeks has seen a strong display of volumes that can fuel a strong rebound from lower levels, which combined with genuine buying in this counter could fuel some upside. Overall , there has been some steady buying at lower levels as a hammer bottom was formed in January-end, highlighting a bottoming formation.
The RSI is seen rising ever since, and is now inching higher. The prices show an intention to step up. This can be a good opportunity to go long at current levels.
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