IRCON INTERNATIONAL Share Price Up by 5%; BSE CAPITAL GOODS Index Up 0.2%

Thu, 21 Oct 03:25 PM

IRCON INTERNATIONAL share price has zoomed 5% and is presently trading at Rs 48.

Meanwhile, the BSE CAPITAL GOODS Index is at 27,286 (up 0.2%).

Among the top Gainers in the BSE CAPITAL GOODS Index today are IRCON INTERNATIONAL (up 5.4%) and SKF INDIA (up 5.2%).

BHARAT ELECTRONICS and L&T (down 0.1%) are among the top losers today.

Over the last one year, IRCON INTERNATIONAL has moved up from Rs 38 to Rs 48, registering a gain of Rs 10 (up 27.9%).

On the other hand, the BSE CAPITAL GOODS has moved up from 13,704 to 27,286, registering a gain of 13,582 points (up 97.6%) during the last 12 months.

The top buzzing stocks among the BSE CAPITAL GOODS Index stocks during this same period were CARBORUNDUM UNIVERSAL (up 257.6%), GRAPHITE INDIA (up 205.9%) and HEG (up 204.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 61,621 (down 0.5%).

The top gainers among the BSE Sensex stocks today are KOTAK MAHINDRA BANK (up 6.7%), HDFC (up 1.8%) and ICICI BANK (up 1.8%). Other gainers include NTPC (up 1.0%) and SBI (up 0.9%). The most traded stocks in the BSE Sensex are SBI and NTPC.

In the meantime, NSE Nifty is at 18,384 (down 0.4%). The top gainers in the NSE Nifty include KOTAK MAHINDRA BANK (up 6.5%), TATA MOTORS (up 4.2%) and GRASIM (up 3.2%). Other gainers include BPCL (up 2.3%) and HDFC (up 1.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 40,432 to 61,621, registering a gain of 21,189 points (up 50.82%).

IRCON INTERNATIONAL Financial Update...

IRCON INTERNATIONAL net profit down at Rs 800 million for the quarter ended June 2021, compared to a loss of Rs 913 million a year ago. Net Sales declined 15.7% to Rs 11.4 billion during the period as against Rs 13.5 billion in April-June 2020.

For the year ended March 2021, IRCON INTERNATIONAL reported 17.3% decrease in net profit to Rs 3.8 billion compared to net profit of Rs 4.5 billion during FY20.

Revenue of the company grew 0.9% to Rs 53 billion during FY21.

The current Price to earnings ratio of IRCON INTERNATIONAL, based on rolling 12 month earnings, stands at 5.4x.

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