IRCON INTERNATIONAL share price has zoomed 6% and is presently trading at Rs 275.8.
Meanwhile, the BSE CAPITAL GOODS index is at 71,747.6 (up 2.3%).
Among the top gainers in the BSE CAPITAL GOODS index today are ABB (up 5.0%) and AIA Engineering (up 4.2%).
TIMKEN INDIA (down 2.4%) and Carborundum Universal (down 2.4%) are among the top losers today.
Over the last one year, IRCON INTERNATIONAL has moved up from Rs 101.8 to Rs 275.8, registering a gain of Rs 174.0 (up 170.9%).
On the other hand, the BSE CAPITAL GOODS index has moved up from 43,182.8 to 71,747.6, registering a gain of 66.1% during the last 12 months.
The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 209.6%), HINDUSTAN AERO. (up 148.5%) and Bharat Electronics (up 130.7%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
The BSE Sensex is at 79,240.3 (up 0.8%).
The top gainers among the BSE Sensex today are MUNDRA PORT & SEZ (up 3.1%) and JSW Steel (up 2.6%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.
In the meantime, NSE Nifty is at 24,226.2 (up 1.0%). ONGC and Coal India are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,240.3, registering a gain of 13,286.8 points (up 20.1%).
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 29.4.
Equitymaster requests your view! Post a comment on "IRCON INTERNATIONAL Gains 6%; BSE CAPITAL GOODS Index Up 2.3%". 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!