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IVRCL Infrastructure has been witnessing a steady climb of late with increased trading volumes. According to market sources, traders are betting on the company having a healthy order book. The company's standalone operations, with an order book size of close to Rs 7,000 crore as of May-end, would enhance its performance, the traders expect.

Besides, the company recently got an allotment of 43 acres of land for group housing project at Noida. It is planning construction of about 2.8-million square feet of housing scheduled to commence in December. Revenues are expected to flow in by way of booking advances from the last quarter of the current fiscal, says a company press release to the exchanges. Brokers expect the company to improve its operating profit margins for the next couple of financial years, on the back of this.

On Tuesday, the stock closed at Rs 261.50, a gain of 3.1 per cent over the previous day's close. Traded volumes topped the 7.5-lakh mark against two-week average figure of 3.7-lakh shares on the BSE.

K.S. Badri Narayanan

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