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IRCON INTERNATIONAL Plunges 4%; BSE CAPITAL GOODS Index Down 2.5%
Fri, 25 Oct 12:29

IRCON INTERNATIONAL Plunges 4%; BSE CAPITAL GOODS Index Down 2.5%Image source: Ivcandy/www.istockphoto.com

IRCON INTERNATIONAL share price has plunged 4% and is presently trading at Rs 194.9.

Meanwhile, the BSE CAPITAL GOODS index is at 66,235.5 (down 2.5%).

Among the top losers in the BSE CAPITAL GOODS index today are Finolex Cables (down 4.4%) and BHEL (down 4.4%).

Thermax (up 4.9%) is among the top gainers today.

Over the last one year, IRCON INTERNATIONAL has moved up from Rs 142.9 to Rs 194.9, registering a gain of Rs 52.0 (up 36.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 46,119.3 to 66,235.5, registering a gain of 43.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 125.4%), Bharat Electronics (up 98.9%) and Siemens (up 98.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,358.7 (down 0.9%).

The top losers among the BSE Sensex today are Indusind Bank (down 19.1%) and M&M (down 4.4%). The most traded stocks in the BSE Sensex are Tata Steel and Indusind Bank.

In the meantime, NSE Nifty is at 24,101.5 (down 1.2%). Indusind Bank and M&M are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 79,358.7, registering a gain of 14,786.8 points (up 22.9%).

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 20.2.


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