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IRCON INTERNATIONAL Gains 7%; BSE CAPITAL GOODS Index Up 3.4%
Mon, 25 Nov 9:36

IRCON INTERNATIONAL Gains 7%; BSE CAPITAL GOODS Index Up 3.4%Image source: hudiemm/www.istockphoto.com

IRCON INTERNATIONAL share price has zoomed 7% and is presently trading at Rs 200.4.

Meanwhile, the BSE CAPITAL GOODS index is at 69,705.4 (up 3.4%).

Among the top gainers in the BSE CAPITAL GOODS index today are Bharat Electronics (up 5.0%) and Siemens (up 4.8%).

Thermax (down 1.3%) is among the top losers today.

Over the last one year, IRCON INTERNATIONAL has moved up from Rs 165.6 to Rs 200.4, registering a gain of Rs 34.8 (up 21.0%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,608.7 to 69,705.4, registering a gain of 43.4% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were Bharat Electronics (up 106.3%), HINDUSTAN AERO. (up 100.3%) and Siemens (up 100.1%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 80,414.4 (up 1.6%).

The top gainers among the BSE Sensex today are L&T (up 3.7%) and M&M (up 3.3%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 24,287.0 (up 1.6%). Bharat Electronics and Shriram Transport are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,930.8 to 80,414.4, registering a gain of 14,483.6 points (up 22.0%).

IRCON INTERNATIONAL Financial Update...

IRCON INTERNATIONAL net profit fell 30.7% YoY to Rs 1,551 million for the quarter ended September 2024, compared to a profit of Rs 2,236 million a year ago. Net sales declined 19.3% to Rs 24,475 million during the period as against Rs 30,333 million in July-September 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 22.5.


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