IRCON INTERNATIONAL share price has zoomed 6% and is presently trading at Rs 215.0.
Meanwhile, the BSE CAPITAL GOODS index is at 68,172.9 (up 1.3%).
Among the top gainers in the BSE CAPITAL GOODS index today are BHEL (up 3.1%) and Graphite India (up 2.8%).
Honeywell Automation (down 7.6%) and V GUARD IND. (down 1.0%) are among the top losers today.
Over the last one year, IRCON INTERNATIONAL has moved up from Rs 138.5 to Rs 215.0, registering a gain of Rs 76.5 (up 55.2%).
On the other hand, the BSE CAPITAL GOODS index has moved up from 45,914.5 to 68,172.9, registering a gain of 48.5% during the last 12 months.
The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 134.0%), Bharat Electronics (up 120.7%) and Siemens (up 103.2%).
Dear Reader: If You Invest in Midcap Stocks, this is for You
The BSE Sensex is at 80,243.9 (down 0.2%).
The top losers among the BSE Sensex today are ICICI Bank (down 1.7%) and Axis Bank (down 1.1%). The most traded stocks in the BSE Sensex are Power Grid Corp. and Tata Motors.
In the meantime, NSE Nifty is at 24,437.3 (down 0.1%). Cipla and SBI LIFE INSURANCE are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 64,112.7 to 80,243.9, registering a gain of 16,131.3 points (up 25.2%).
IRCON INTERNATIONAL net profit grew 12.3% YoY to Rs 2,153 million for the quarter ended June 2024, compared to a profit of Rs 1,918 million a year ago. Net sales declined 17.2% to Rs 22,871 million during the period as against Rs 27,638 million in April-June 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 22.3.
Equitymaster requests your view! Post a comment on "IRCON INTERNATIONAL Gains 6%; BSE CAPITAL GOODS Index Up 1.3%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!