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IRCON INTERNATIONAL Gains 6%; BSE CAPITAL GOODS Index Up 1.3%
Wed, 30 Oct 11:58

IRCON INTERNATIONAL Gains 6%; BSE CAPITAL GOODS Index Up 1.3%Image source: phive2015/www.istockphoto.com

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

What About the Benchmark Indices?

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 Financial Update...

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.


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