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IRCON INTERNATIONAL Plunges 9%; BSE CAPITAL GOODS Index Down 2.3%
Tue, 23 Jul 14:39

IRCON INTERNATIONAL Plunges 9%; BSE CAPITAL GOODS Index Down 2.3%Image source: bluebay2014/www.istockphoto.com

IRCON INTERNATIONAL share price has plunged 9% and is presently trading at Rs 291.5.

Meanwhile, the BSE CAPITAL GOODS index is at 71,027.3 (down 2.3%).

Among the top losers in the BSE CAPITAL GOODS index today are Bharat Electronics (down 3.8%) and L&T (down 3.5%).

Lakshmi Machine (up 2.1%) and ADANI GREEN ENERGY (up 1.6%) are among the top gainers today.

Over the last one year, IRCON INTERNATIONAL has moved up from Rs 86.1 to Rs 291.5, registering a gain of Rs 205.4 (up 238.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 41,819.7 to 71,027.3, registering a gain of 69.8% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 222.4%), HINDUSTAN AERO. (up 150.7%) and Bharat Electronics (up 137.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,452.7 (down 0.1%).

The top losers among the BSE Sensex today are L&T (down 3.5%) and Bajaj Finance (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,494.4 (down 0.1%). L&T and Hindalco are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,097.4 to 80,452.7, registering a gain of 13,355.2 points (up 19.9%).

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 31.0.


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