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IRCON INTERNATIONAL Gains 8%; BSE CAPITAL GOODS Index Down 0.6%
Fri, 12 Jul 14:10

IRCON INTERNATIONAL Gains 8%; BSE CAPITAL GOODS Index Down 0.6%Image source: Sakorn BernardaSv/www.istockphoto.com

IRCON INTERNATIONAL share price has zoomed 8% and is presently trading at Rs 344.2.

Meanwhile, the BSE CAPITAL GOODS index is at 74,900.6 (down 0.6%).

Among the top gainers in the BSE CAPITAL GOODS index today are Carborundum Universal (up 0.7%) and L&T (up 0.6%).

SCHAEFFLER INDIA (down 3.0%) and ABB (down 2.8%) are among the top losers today.

Over the last one year, IRCON INTERNATIONAL has moved up from Rs 82.3 to Rs 344.2, registering a gain of Rs 261.9 (up 318.3%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 40,584.0 to 74,900.6, registering a gain of 84.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 258.1%), HINDUSTAN AERO. (up 191.0%) and Bharat Electronics (up 170.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,709.1 (up 1.0%).

The top gainers among the BSE Sensex today are TCS (up 6.8%) and Infosys (up 3.6%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,558.6 (up 1.0%). TCS and Wipro are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,344.2 to 80,709.1, registering a gain of 15,364.9 points (up 23.5%).

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 36.7.


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