Short IRB Infra for Target of 105

Short Term Traders should Short IRB Infra (cmp 115) for the target of 105 in coming week.

• The budget has not given any clear roadmap for the infrascturcture which spells negative for the stocks like IRB
• Other peer group stocks like RelInfra has falled much higher than IRB which means IRB will hit lower targets before setteling down
• There has been a persistent problem with their toll booths across Maharastra state, the toll collection has been regularly vandalised which pegs downs its revenue collection.
• IRB is more of a trading stock now , as deliverly volumes have been very low between 20-25% in last one week.

Small time traders should buy the PUT option of IRB for March with strike price of 110 between 4 to 4.5 and sell around 7-8 in coming days.