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IRCON INTERNATIONAL Gains 6%; BSE CAPITAL GOODS Index Up 2.6%
Mon, 29 Jul 14:19

IRCON INTERNATIONAL Gains 6%; BSE CAPITAL GOODS Index Up 2.6%Image source: StarLineArts/www.istockphoto.com

IRCON INTERNATIONAL share price has zoomed 6% and is presently trading at Rs 291.5.

Meanwhile, the BSE CAPITAL GOODS index is at 75,287.0 (up 2.6%).

Among the top gainers in the BSE CAPITAL GOODS index today are GRINDWELL NORTON (up 5.6%) and AIA Engineering (up 4.4%).

SKF India (down 1.0%) and GMR Infra (down 0.6%) are among the top losers today.

Over the last one year, IRCON INTERNATIONAL has moved up from Rs 91.1 to Rs 291.5, registering a gain of Rs 200.4 (up 219.9%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 42,459.1 to 75,287.0, registering a gain of 77.3% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 228.1%), HINDUSTAN AERO. (up 161.6%) and Bharat Electronics (up 153.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,284.7 (down 0.1%).

The top losers among the BSE Sensex today are Titan (down 2.7%) and Bharti Airtel (down 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,798.1 (down 0.2%). Titan and Bharti Airtel are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,355.7 to 81,284.7, registering a gain of 14,929.0 points (up 22.5%).

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 31.0.


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