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IRCON INTERNATIONAL Gains 7%; BSE CAPITAL GOODS Index Up 0.7%
Mon, 8 Jul 9:59

IRCON INTERNATIONAL Gains 7%; BSE CAPITAL GOODS Index Up 0.7%Image source: Chunumunu/www.istockphoto.com

IRCON INTERNATIONAL share price has zoomed 7% and is presently trading at Rs 329.9.

Meanwhile, the BSE CAPITAL GOODS index is at 75,693.3 (up 0.7%).

Among the top gainers in the BSE CAPITAL GOODS index today are V GUARD IND. (up 5.3%) and Carborundum Universal (up 4.7%).

AIA Engineering (down 1.4%) and SCHAEFFLER INDIA (down 1.2%) are among the top losers today.

Over the last one year, IRCON INTERNATIONAL has moved up from Rs 82.8 to Rs 329.9, registering a gain of Rs 247.1 (up 298.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 40,532.4 to 75,693.3, registering a gain of 86.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 269.0%), HINDUSTAN AERO. (up 201.8%) and Bharat Electronics (up 171.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,852.0 (down 0.2%).

The top losers among the BSE Sensex today are Titan (down 3.9%) and Asian Paints (down 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,276.6 (down 0.2%). Titan and Divis Laboratories are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,479.1 to 79,852.0, registering a gain of 14,372.9 points (up 22.0%).

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 35.1.


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