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IRCON INTERNATIONAL Plunges 3%; BSE CAPITAL GOODS Index Down 0.2%
Tue, 16 Jul 9:34

IRCON INTERNATIONAL Plunges 3%; BSE CAPITAL GOODS Index Down 0.2%Image source: DNY59/www.istockphoto.com

IRCON INTERNATIONAL share price has plunged 3% and is presently trading at Rs 324.0.

Meanwhile, the BSE CAPITAL GOODS index is at 74,711.3 (down 0.2%).

Among the top losers in the BSE CAPITAL GOODS index today are HINDUSTAN AERO. (down 1.0%) and Honeywell Automation (down 0.7%).

ADANI GREEN ENERGY (up 3.1%) and SCHAEFFLER INDIA (up 2.3%) are among the top gainers today.

Over the last one year, IRCON INTERNATIONAL has moved up from Rs 81.5 to Rs 324.0, registering a gain of Rs 242.5 (up 297.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 41,312.2 to 74,711.3, registering a gain of 80.8% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 244.0%), HINDUSTAN AERO. (up 183.5%) and Bharat Electronics (up 159.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,779.0 (up 0.1%).

The top gainers among the BSE Sensex today are Bharti Airtel (up 1.2%) and M&M (up 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,622.5 (up 0.2%). BPCL and HDFC LIFE INSURANCE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,393.9 to 80,779.0, registering a gain of 15,385.1 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 34.5.


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