IRCON International reports strong Q4 FY23 and FY23 results, with operating revenue rising 28% YoY to ₹3,780 crore and EBITDA growing 37.4% YoY to ₹370 crore in Q4FY23. The company’s order book as of March 31, 2023, stood at ₹35,195 crore, comprising 74.5% railway projects and 19.9% highway projects…

Ircon International Q4 results: Key takeaways for investors

Ircon International Ltd on Thursday said it has posted a 25 per cent growth in its profit after tax at Rs 248.18 crore during the March quarter, helped by higher income.

Ircon International Q4 PAT grows 25% to Rs 248 cr, total revenue up 31%

As on March 31, 2023, the company’s total order book stood at Rs 35,195 crore.

Ircon International Q4 net profit grows 25% to Rs 248.18 crore

RVNL shares climbed 4.97% to Rs 127.90. This counter saw 2,29,40,445 shares changing hands, amounting to Rs 287 crore. IRFC shares jumped 3.65% to Rs 34.05, IRCON International advanced 7%.

RVNL, IRCON International, YES Bank, Zomato shares rally amid high volumes; L&T, Dr Reddy’s Labs log high turnovers

IRCON International stock jumped 3.75 per cent to a record high of Rs 89.45 over a previous close of Rs 86.21. It was among the top stocks traded in terms of turnover in early trade.

IRCON International shares slip after 10 sessions of gains; buy, sell or hold?

State-owned railway firms, including Rail Vikas Nigam (RVNL), Indian Railway Finance Corp. (IRFC), and Ircon International, extended their gains on the bourses on Tuesday amid expectations of increased capital expenditure on railway infrastructure in India. The rise in railway shares reflects the ex…

Street gets clear signal with government’s rail infra push, PSU stocks rise

BSE Sensex gained 242.27 points, or 0.40 per cent, to close at 61,354.71, while NSE’s Nifty50 rose 82.65 points, or 0.46 per cent, to settle at 18,147.65 for the day.

Sensex rises 242 points, Nifty settles near 18,150; IRCON, Welspun jump up to 16%

IRCON share price: “April has been a superb month for railway stocks, as all the counters have given a good rally towards their 52-week highs, and IRCON has also rallied nearly 60 per cent from March’s close with huge volume,” an analyst said.

IRCON International shares settle 16% higher after hitting fresh all-time high; can they touch Rs 100 in near term?

Railway stocks dominated the PSUs that have offered double digit returns in April 2021, according to an analysis by ET Markets, with Railway Vikas Nigam leading the charge after shares rose more than 50% in a month. Other transport stocks, Ircon International and Indian Railway Finance Corporation, …

Railway stocks lead the charge as PSUs gain up to 56% in one month. Should you buy?

IRCON International stock rose up to 12% to Rs 78.30 against the previous close of Rs 69.91 on BSE. The stock opened higher at Rs 70.01 today

IRCON International shares hit 52-week high; what should investors do?

Experts recommend investing in infrastructure stocks like L&T, RVNL, and IRCON for a long-term basis, due to the increasing number of government contracts flowing their way. ABB also predicts a 46% YoY increase in Indian order flows. However, experts urge investors to be cautious of the high volatil…

Rail infra stocks are not for the timid, be ready for huge swings: Deepak Shenoy

Hasn't faired well - amongst the low performers

Performance

Can be considered moderately valued vs the market

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

IRCON International Ltd is a civil engineering construction Company