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IRCON INTERNATIONAL Gains 3%; BSE CAPITAL GOODS Index Down 0.7%
Wed, 10 Jul 11:57

IRCON INTERNATIONAL Gains 3%; BSE CAPITAL GOODS Index Down 0.7%Image source: phive2015/www.istockphoto.com

IRCON INTERNATIONAL share price has zoomed 3% and is presently trading at Rs 320.1.

Meanwhile, the BSE CAPITAL GOODS index is at 75,016.5 (down 0.7%).

SCHAEFFLER INDIA (down 2.6%) and Thermax (down 2.0%) are among the top losers today.

Over the last one year, IRCON INTERNATIONAL has moved up from Rs 82.3 to Rs 320.1, registering a gain of Rs 237.8 (up 289.0%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 40,584.0 to 75,016.5, registering a gain of 84.8% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 258.4%), HINDUSTAN AERO. (up 190.5%) and Bharat Electronics (up 171.2%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,680.2 (down 0.8%).

The top losers among the BSE Sensex today are M&M (down 7.6%) and HCl Tech. (down 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,275.0 (down 0.7%). M&M and HCl Tech. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,344.2 to 79,680.2, registering a gain of 14,336.1 points (up 21.9%).

IRCON INTERNATIONAL Financial Update...

IRCON INTERNATIONAL net profit grew 7.1% YoY to Rs 2,603 million for the quarter ended March 2024, compared to a profit of Rs 2,430 million a year ago. Net sales declined 1.0% to Rs 37,427 million during the period as against Rs 37,807 million in January-March 2023.

For the year ended March 2023, IRCON INTERNATIONAL reported 29.2% increase in net profit to Rs 7,652 million compared to net profit of Rs 5,923 million during FY22. Revenue of the company grew 40.5% to Rs 103,679 million during FY23.

The current Price to earnings ratio of IRCON INTERNATIONAL, based on rolling 12 month earnings, stands at 34.1.

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