IRCON INTERNATIONAL share price has plunged 5% and is presently trading at Rs 308.9.
Meanwhile, the BSE CAPITAL GOODS index is at 72,585.6 (down 2.5%).
Among the top losers in the BSE CAPITAL GOODS index today are HINDUSTAN AERO. (down 6.4%) and Bharat Electronics (down 4.1%).
SCHAEFFLER INDIA (up 2.3%) and TIMKEN INDIA (up 0.7%) are among the top gainers today.
Over the last one year, IRCON INTERNATIONAL has moved up from Rs 83.7 to Rs 308.9, registering a gain of Rs 225.1 (up 269.0%).
On the other hand, the BSE CAPITAL GOODS index has moved up from 41,426.7 to 72,585.6, registering a gain of 75.2% during the last 12 months.
The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 231.5%), HINDUSTAN AERO. (up 161.3%) and Bharat Electronics (up 146.2%).
Dear Reader: If You Invest in Midcap Stocks, this is for You
The BSE Sensex is at 80,438.1 (down 0.3%).
The top losers among the BSE Sensex today are Asian Paints (down 1.9%) and MUNDRA PORT & SEZ (down 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.
In the meantime, NSE Nifty is at 24,580.9 (down 0.1%). Bajaj Auto and Asian Paints are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,589.9 to 80,438.1, registering a gain of 13,848.2 points (up 20.8%).
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 32.9.
Equitymaster requests your view! Post a comment on "IRCON INTERNATIONAL Plunges 5%; BSE CAPITAL GOODS Index Down 2.5%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!