IRB Infra promoter pledges additional shares, stock stagnant

IRB Infrastructure Developers' shares have shown mixed performance recently. The stock has gained only about 1% in the last month, but it has decreased more than 20% so far this year. Over the last six months, the shares have dropped 24%, and are down 20% from the previous year. On Monday, the company’s shares continued to rise, marking the fifth day of gains. IRB Infrastructure shares have increased more than 11% in the last five trading days. However, one of the company's promoters, Sudha Dattatray Mhaiskar, has pledged a portion of her shares in a recent regulatory filing. She has pledged 783,000 shares to Kotak Securities for personal borrowing reasons. Following this new pledge, Mhaiskar now has a total of 4,325,000 pledged shares, which represents about 0.072% of the company's total stock. Before this, she had already pledged over 3.5 million shares. Currently, Mhaiskar holds approximately 50.6 million shares of IRB Infrastructure Developers, which is about 0.08% of the total shares. Despite recent struggles, the long-term outlook for IRB shares has been strong. Over the past three years, the stock has gained 107%, and it has risen an impressive 890% over the last five years. As of 12:25 PM, IRB Infrastructure shares were trading up about 0.94% at ₹47.29 each.