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IRCON INTERNATIONAL Plunges 6%; BSE CAPITAL GOODS Index Down 4.5%
Mon, 5 Aug 11:27

IRCON INTERNATIONAL Plunges 6%; BSE CAPITAL GOODS Index Down 4.5%Image source: bluebay2014/www.istockphoto.com

IRCON INTERNATIONAL share price has plunged 6% and is presently trading at Rs 269.0.

Meanwhile, the BSE CAPITAL GOODS index is at 70,204.4 (down 4.5%).

Among the top losers in the BSE CAPITAL GOODS index today are GMR Infra (down 7.0%) and Bharat Forge (down 6.3%).

Over the last one year, IRCON INTERNATIONAL has moved up from Rs 98.5 to Rs 269.0, registering a gain of Rs 170.5 (up 173.2%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,869.5 to 70,204.4, registering a gain of 60.0% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 174.5%), HINDUSTAN AERO. (up 133.8%) and Bharat Electronics (up 121.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 78,523.1 (down 3.0%).

The top losers among the BSE Sensex today are Tata Motors (down 6.4%) and Tata Steel (down 5.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,914.3 (down 3.3%). Tata Motors and ONGC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,459.3 to 78,523.1, registering a gain of 12,063.8 points (up 18.2%).

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 28.6.


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