India's IRB Infrastructure Developers drops on Q2 rev fall, brokerages cut TP
** Shares of IRB Infrastructure Developers IRBI.NS down 4.3% to 51.7 rupees
** Highways and bridges maker reported a 9% drop in Q2 consol rev
** At least 4 of 6 brokerages cut TP, lowering the median to 67 rupees - LSEG data
** HDFC Securities ("add") cuts by 4% on delay in project execution
** Antique Stock Broking ("buy") cuts TP by 5% on declining order book in road, construction segments
** Motilal Oswal ("neutral") cuts by TP by 1.6% due to lower execution in construction business
** Analysts' avg rating on stock is "buy" -LSEG data
** Stock is up 1.7% so far this week, on track to snap five straight weeks of losses
Reporting by Manvi Pant in Bengaluru
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