IRCON Share Price: IRCON Stock Surges: Railway PSU Hits 52-Week High, Soars Almost 300% in One Year
IRCON, the Indian Railway Construction International Limited, has achieved a 52-week high, marking a growth of more than 6%. Currently valued at Rs 30,632 crore in market capitalization, each share holds a face value of Rs 2.
IRCON’s stocks surged by 6% during early morning trading on July 8th.
Indian Railway Construction International Limited (IRCON) experienced an upward trend on Monday morning, July 8th, reaching a new 52-week high. As of 10:47 AM, the stocks were trading at Rs 236.20 per share, reflecting a gain of over 6% from the day’s opening price of Rs 313.20. Over the last five sessions, IRCON’s stocks have collectively risen by approximately 20.22%.
Year-to-date (YTD), railway PSU stocks have shown a substantial increase of 87.69%. Additionally, the stock price is currently above the 50-day exponential moving average.
IRCON, with a market capitalization of Rs 30,632 crore according to BSE analytics, has a face value of Rs 2 per share. Over the past 52 weeks, its stock has reached highs of Rs 334.35 and lows of Rs 79, making it a constituent of the BSE 500 Index.
Recently, Rail Vikas Nigam Limited awarded IRCON a significant project worth Rs 750 crore, expected to be completed within 42 months.
For the fiscal year FY23-24, IRCON reported revenues of Rs 11,950 crore and a net profit of Rs 862.90 crore. In the quarter ended March 31, 2024, the net profit rose to Rs 285.68 crore from Rs 185.12 crore in Q3 FY23-24. The Earnings Per Share (EPS) for FY24 remained steady at Rs 9.17 per share.
IRCON’s stock has shown impressive performance, delivering substantial returns to shareholders. It has outperformed the BSE Industrials index with gains of 38.84%. Over one and three years, the stock has delivered returns of 293.60% and 763.50%, respectively.
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