AgenciesHDFC Securities has buy call on Ircon International with a target price of Rs 69. The current market price of Ircon International is Rs 61.1. HDFC Securities recommended to keep stop loss at Rs 54.5.
Ircon International, incorporated in the year 1976, is a Mid Cap company (having a market cap of Rs 5751.25 Crore) operating in Construction sector.
Ircon International key Products/Revenue Segments include Contract Revenue, Other Operating Revenue, Hire Charges and Other Services for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 2421.91 Crore, up 5.03 % from last quarter Total Income of Rs 2305.87 Crore and up 33.31 % from last year same quarter Total Income of Rs 1816.79 Crore. Company has reported net profit after tax of Rs 199.03 Crore in latest quarter.
The company’s top management includes Mr.Yogesh Kumar Misra, Mrs.Ragini Advani, Mr.Shyam Lal Gupta, Mr.Dhananjaya Singh, Mrs.Ranjana Upadhyay, Mr.Ajay Kumar Chauhan, Mr.Dipendra Kumar Gupta, Dr.Kartik Chandulal Bhadra. Company has HDSG & Associates as its auditors. As on 31-03-2023, the company has a total of 94 Crore shares outstanding.
Investment Rationale
Breakout from symmetrical triangle on the daily chart with jump in volumes.
Promoters held 73.18 per cent stake in the company as of 31-Mar-2023, while FIIs owned 3.99 per cent, DIIs 1.84 per cent.
Ircon International, incorporated in the year 1976, is a Mid Cap company (having a market cap of Rs 5751.25 Crore) operating in Construction sector.
Ircon International key Products/Revenue Segments include Contract Revenue, Other Operating Revenue, Hire Charges and Other Services for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 2421.91 Crore, up 5.03 % from last quarter Total Income of Rs 2305.87 Crore and up 33.31 % from last year same quarter Total Income of Rs 1816.79 Crore. Company has reported net profit after tax of Rs 199.03 Crore in latest quarter.
The company’s top management includes Mr.Yogesh Kumar Misra, Mrs.Ragini Advani, Mr.Shyam Lal Gupta, Mr.Dhananjaya Singh, Mrs.Ranjana Upadhyay, Mr.Ajay Kumar Chauhan, Mr.Dipendra Kumar Gupta, Dr.Kartik Chandulal Bhadra. Company has HDSG & Associates as its auditors. As on 31-03-2023, the company has a total of 94 Crore shares outstanding.
Investment Rationale
Breakout from symmetrical triangle on the daily chart with jump in volumes.
Promoter/FII Holdings
Promoters held 73.18 per cent stake in the company as of 31-Mar-2023, while FIIs owned 3.99 per cent, DIIs 1.84 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Wednesday, 19 Apr, 2023Experience Your Economic Times Newspaper, The Digital Way!
- Front Page
- Pure Politics
- Companies
- ET Markets
- More
- Foxconn Looks to Expand Chennai iPhone Facility
Apple iPhone-maker Foxconn is likely to expand its manufacturing facility in India by adding two additional buildings at its site near Chennai, according to people aware of the plans.
I-T Investigation Against Insurers Widens to BanksThe income tax (I-T) department last week sent notices to two large private banks in its ongoing probe into alleged malpractices involving commission payments by insurance companies, official sources aware of the matter told ET.
Read More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Pick the best stocks for yourself
Powered by 
Get Unlimited Access to The Economic Times 
