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IRCON INTERNATIONAL Gains 4%; BSE CAPITAL GOODS Index Up 0.4%
Mon, 2 Dec 15:51

IRCON INTERNATIONAL Gains 4%; BSE CAPITAL GOODS Index Up 0.4%Image source: DNY59/www.istockphoto.com

IRCON INTERNATIONAL share price has zoomed 4% and is presently trading at Rs 218.8.

Meanwhile, the BSE CAPITAL GOODS index is at 70,962.9 (up 0.4%).

Among the top gainers in the BSE CAPITAL GOODS index today are Thermax (up 2.1%) and SCHAEFFLER INDIA (up 1.8%).

Carborundum Universal (down 1.5%) and Lakshmi Machine (down 0.8%) are among the top losers today.

Over the last one year, IRCON INTERNATIONAL has moved up from Rs 168.1 to Rs 218.8, registering a gain of Rs 50.7 (up 30.2%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,868.6 to 70,962.9, registering a gain of 45.2% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were Bharat Electronics (up 117.2%), Siemens (up 107.8%) and HINDUSTAN AERO. (up 97.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,248.1 (up 0.6%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 3.9%) and JSW Steel (up 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,275.3 (up 0.6%). Ultratech Cement and APOLLO HOSPITALS are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 80,248.1, registering a gain of 14,073.9 points (up 21.3%).

IRCON INTERNATIONAL Financial Update...

IRCON INTERNATIONAL net profit fell 30.7% YoY to Rs 1,551 million for the quarter ended September 2024, compared to a profit of Rs 2,236 million a year ago. Net sales declined 19.3% to Rs 24,475 million during the period as against Rs 30,333 million in July-September 2023.

For the year ended March 2024, IRCON INTERNATIONAL reported 21.5% increase in net profit to Rs 9,295 million compared to net profit of Rs 7,652 million during FY23. Revenue of the company grew 18.9% to Rs 123,309 million during FY24.

The current Price to earnings ratio of IRCON INTERNATIONAL, based on rolling 12 month earnings, stands at 24.5.


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