2024-07-08 13:00:02
Updated Jul 8, 2024 | 11:26 AM IST
Photo : ET Now Digital
IRCON stocks jump 6% in early morning trade, July 08.
Shares of Indian Railway Construction International Limited (IRCON) have witnessed uptrend trend on Monday, July 08, in the early morning trade to hit fresh 52-week high. Around 10:47 AM, the stocks were trading at Rs 236.20 per share with a gain over 6% against the day’s opening price at Rs 313.20. In the last five sessions, IRCON stocks have cumulatively gain around 20.22%.
Railway PSU stocks have gained whopping 87.69% Year-To-Date (YTD). The stock price is higher than the exponential average moving of 50 days.
IRCON market cap
IRCON boasts a market cap of Rs 30,632 crore as per BSE analytics. The stock has a face value of Rs 2 per share. The stock’s 52-week movement indicates a high of Rs 334.35 and a low of Rs 79. The Company is added in BSE 500 Index.
The Earnings per share (EPS) of the Company stands at Rs 9.17 per share on the basis of trailing twelve months (TTM).
Rs 750 crore contract
Rail Vikas Nigam Limited awarded Rs 750 crore project to IRCON. The project is expected to complete in 42 months.
IRCON FY24 performance
IRCON’s revenue for FY23-24 stood at Rs 11,950 crore, with net profit at Rs 862.90 crore. In the quarter ended March 31, 2024 for FY23-24, the net profit grew at Rs 285.68 crore, against Rs 185.12 in Q3 FY24. The Earnings Per Share (EPS) for FY24 remained at Rs 9.17 per share.
IRCON share price history
IRCON stocks have given multibagger returns to shareholders in the last few years. The stocks are up 38.84%, compared to 24.16% on BSE Industrials. The one- and three-year return of the stocks stood at 293.60% and 763.50%.
