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%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
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 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.
Equitymaster requests your view! Post a comment on "IRCON INTERNATIONAL Plunges 4%; 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!