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IRCON INTERNATIONAL Plunges 4%; BSE CAPITAL GOODS Index Down 1.9%
Mon, 7 Oct 10:50

IRCON INTERNATIONAL Plunges 4%; BSE CAPITAL GOODS Index Down 1.9%Image source: Sakorn BernardaSv/www.istockphoto.com

IRCON INTERNATIONAL share price has plunged 4% and is presently trading at Rs 208.0.

Meanwhile, the BSE CAPITAL GOODS index is at 68,965.1 (down 1.9%).

Among the top losers in the BSE CAPITAL GOODS index today are Graphite India (down 4.8%) and Finolex Cables (down 4.7%).

Over the last one year, IRCON INTERNATIONAL has moved up from Rs 146.2 to Rs 208.0, registering a gain of Rs 61.8 (up 42.3%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,209.1 to 68,965.1, registering a gain of 43.1% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 113.4%), Siemens (up 100.2%) and BHEL (up 97.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,726.4 .

The top gainers among the BSE Sensex today are ITC (up 1.7%) and ICICI Bank (up 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and Bharti Airtel.

In the meantime, NSE Nifty is at 24,900.2 (down 0.5%). MUNDRA PORT & SEZ and ONGC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 81,726.4, registering a gain of 16,214.3 points (up 24.8%).

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 21.6.


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