#Ircon International share price

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Explore Ircon International Limited’s current share price of INR 263 and its growth potential. This article provides a comprehensive analysis of the company’s performance in 2024 and forecasts its share price targets from 2025 to 2030, including key factors influencing its future market position and investment outlook.

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IRCON International: Axis Securities lists the stock as top 'momentum pick', sees up to 17% upside – here's why

After an almost 255 percent surge in railway stock IRCON International in a year, brokerage house Axis Securities has chosen it as one of its top 'momentum picks'. The brokerage has set target of ₹313-325 for the stock, implying an upside of up to 17 percent. As per the brokerage, IRCON on a daily chart has broken above the "Rounded Bottom" pattern at ₹282, signaling a continuation of its medium-term uptrend. Its volume declines during pattern formation, but increases at breakout, indicating an influx of market participation. The stock is exhibiting a pattern of higher high-low formations on a daily chart while maintaining a position above a medium-term upward-sloping trendline, suggesting a sustained uptrend. The stock's ability to maintain levels above key short and medium-term moving averages (20, 50, 100, and 200 days) signals a positive bias in its trajectory, noted Axis Securities. The daily Relative Strength Index (RSI) is holding above its reference line, indicating positive bias in the stock. Following the breakout from the Rounded Bottom pattern, the stock is expected to continue a medium-term uptrend, for the target set at ₹313-325, predicted the brokerage.

Earnings In the March quarter (Q4FY24), the engineering and construction company posted a marginal 3.8 percent decline YoY in its consolidated net profit to ₹246.8 crore as against ₹256.49 crore in the same period a year ago.

Meanwhile, its consolidated revenue for the operations for the March quarter (Q4 FY24) also declined a percent to ₹3,742.71 crore versus ₹3,780.66 crore last year in the same period. The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) reached ₹424 crore, marking a 14.7 percent YoY increase from ₹370 crore in Q4FY23. This growth reflects the company's improving financial health and operational efficiency. Additionally, the EBITDA margin was recorded at 10.9 percent, indicating a stable profitability ratio and efficient cost management during the period.

As of March 31, 2024, the total order book stands at ₹27,208 crore. This amount is distributed across various sectors, with the railways sector accounting for the largest portion at ₹21,158 crore.

The company also recommended a final dividend of ₹1.30 per equity share on the face value of ₹2 per share. Meanwhile, the company reported an overall 19 percent YoY increase in net profit to ₹929 crore for the year-ended FY24.

Stock Price Trend Just in 2024 YTD, the stock has surged over 75 percent, giving positive returns in 3 of the 5 months so far and negative in the remaining 2.

The scrip jumped almost 12 percent in May so far, extending gains after a 14 percent rally in April. However, it fell 4 percent in March and 3.4 percent in February. Meanwhile, it soared 38.5 percent in January this year.

The stock hit its record high of ₹301.40 in the previous session, May 21, after posting strong March quarter results. Meanwhile, it has advanced over 269 percent from its 52-week low of ₹78.41, hit on May 24, 2023. In the long term, last 5 years, the stock has skyrocketed over 585 percent, meanwhile, it has soared over 486 percent in the last 3 years.

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IRCON share price, IRCON share bonus 2021, IRCON bonus news record date, IRCON share bonus news, IRCON bonus news 2021

IRCON share price, IRCON share bonus 2021, IRCON bonus news record date, IRCON share bonus news, IRCON bonus news 2021

Image Source : PTI (FILE)/IRCON.ORG IRCON International to give bonus shares  IRCON Share Bonus 2021: IRCON International has announced bonus shares for the shareholders. IRCON, a Railway PSU, said that its board of directors have approved the issuance of fully paid up bonus shares.  The company in an exchange filing said that bonus shares will be paid in the ratio of 1: 1. This means, the…

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इरकॉन इंटरनेशनल ने बोनस इश्यू पर विचार करने के लिए 8% का ज़ोर दिया

इरकॉन इंटरनेशनल ने बोनस इश्यू पर विचार करने के लिए 8% का ज़ोर दिया

कंपनी के निदेशक मंडल ने 5 अप्रैल, 2021 को बोनस शेयरों के मुद्दे पर विचार करने के लिए निर्धारित किए जाने के बाद, मंगलवार को आईआरसीओएन इंटरनेशनल के शेयरों, बीएसई पर 8 प्रतिशत से अधिक 87.30 रुपये हो गया। दोपहर 1:42 बजे, बीएसई सेंसेक्स में 1.98 प्रतिशत की बढ़त के साथ बीएसई पर स्टॉक 5.75 प्रतिशत बढ़कर 85.55 रुपये पर कारोबार कर रहा था। बीएसई और एनएसई के कुल 79.5 लाख शेयरों ने अब तक हाथ बदल लिया है। 3…

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Stocks in the news: PB Fintech, Sigachi, Yes Bank, ONGC, Nykaa and Vodafone

Stocks in the news: PB Fintech, Sigachi, Yes Bank, ONGC, Nykaa and Vodafone

Nifty futures on the Singapore Exchange traded 59.5 points, or 0.33 per cent higher at 17,986, signaling that Dalal Street was headed for a positive start on Friday. Here are a dozen stocks which may buzz the most in today’s trade: Rajesh Exports, , Jai Balaji: Rajesh Exports, Tinplate Company of India, Jai Balaji Industries, East India Securities, Prabhat Technologies Inida, PG Foils, Aditya…

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Analysts cautious on railway stocks despite resumption in train services

Analysts cautious on railway stocks despite resumption in train services

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The government on Sunday gave a green signal to resume passenger trains on select routes from May 12, after nearly two months of halt, even as India continues to register spike in Covid-19 cases. The online bookings for the initial 15 trains will be done by Indian Railway Catering and Tourism Corporation (IRCTC), starting May 11.

These special trains will be run from New Delhi,…

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IRCON International Wins Bid For Solar Power Plant, Stock Edges Higher By 2%

IRCON International Wins Bid For Solar Power Plant, Stock Edges Higher By 2%

Shares of IRCON were last trading 1.91 per cent higher at Rs 45.40 on the BSE. Share price of IRCON International gained more than two per cent on Friday, September 24, after the railway infrastructure company won a bid to set up a 500 MW solar power plant through an e-reverse auction today. IRCON opened on the BSE at Rs 44.90, swinging to an intra day high of Rs 46.60 and an intra day low of Rs…

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IRCON INTERNATIONAL Share Price Up by 5%; BSE CAPITAL GOODS Index Up 0.9%

IRCON INTERNATIONAL Share Price Up by 5%; BSE CAPITAL GOODS Index Up 0.9%

Tue, 30 Mar 12:54 PM IRCON INTERNATIONAL share price has zoomed 5% and is presently trading at Rs 86. Meanwhile, the BSE CAPITAL GOODS Index is at 21,205 (up 0.9%). Among the top Gainers in the BSE CAPITAL GOODS Index today are IRCON INTERNATIONAL (up 5.0%) and V GUARD INDUSTRIES (up 5.1%). FINOLEX CABLES (down 0.2%) and THERMAX (down 1.0%) are among the top losers today. Over the last one year,…

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Ircon OFS subscribed twice over

Ircon OFS subscribed twice over

The offer-for-sale of Ircon International was subscribed 2.06 times on Thursday, according to data available on the NSE. It was opened on Wednesday for non-retail investors and on Thursday for retail investors. As against the total issue size (including green shoe option) of 2.25 crore shares, it has received bids for 4.65 crore shares. The floor price for the offer was ₹88 a share. The…

[the-pressnews]

Ircon shed 7% even as OFS is oversubscribed, Mtar Tech gets 4x bids

Ircon shed 7% even as OFS is oversubscribed, Mtar Tech gets 4x bids

The share sale launched by the government in Ircon International to divest 16 per cent saw more demand than shares on offer. The 75.24-million offer for sale (OFS) generated bids for 108.5 million shares from institutional investors. Another 22.6 million shares reserved for retail investors will be auctioned on Thursday. The base price of the OFS is Rs 88 per share. Shares of Ircon fell 7 per…

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Ircon International Ltd: Current Share Price and Future Projections for 2024 and Beyond

Ircon International Ltd, a leading entity in India's infrastructure development sector, has been instrumental in driving the country's growth through its involvement in a range of projects including railways, highways, and bridges. As a government-owned company, Ircon holds a reputation for excellence and reliability. As of 2024, Ircon share price stands at INR 263, reflecting its steady position in the market. This article delves into the current share price analysis and provides predictions for the future, covering key terms like Ircon Share Price Target 2024, Ircon Share Price Target 2025, and Ircon Share Price prediction 2030.

Overview of Ircon’s Recent Achievements

Ircon International Ltd has consistently demonstrated its ability to handle large-scale infrastructure projects with precision and efficiency. Over the past few years, Ircon has taken significant strides in expanding its project portfolio, securing high-value contracts both within India and in international markets. In 2023, Ircon continued its momentum by undertaking several ambitious projects, further solidifying its reputation as a leader in the infrastructure sector. These achievements have not only bolstered Ircon’s order book but also enhanced its financial performance, setting the stage for a positive outlook in 2024.

Ircon Share Price Analysis for 2024

With the current share price set at INR 263, Ircon is positioned for potential growth throughout 2024. Market analysts predict that Ircon's share price could rise, reaching a target range of INR 270 to INR 290 by the end of the year. This forecast is supported by several factors, including Ircon’s robust project pipeline, the Indian government's continued emphasis on infrastructure development, and Ircon’s strategic focus on innovation and efficiency.

However, it's important to consider the variables that could influence this projection. Market volatility, changes in government policies, and global economic conditions could all impact Ircon’s share price. Additionally, the company’s ability to execute projects efficiently and on time will be crucial in maintaining investor confidence and achieving the predicted growth.

Key Factors Influencing Ircon’s Share Price in 2024

Several critical factors are expected to drive Ircon’s share price in 2024, reflecting both opportunities and challenges for the company:

Government Support and Infrastructure Initiatives: Ircon, being a government-owned entity, is a major beneficiary of public sector investments in infrastructure. The Indian government’s focus on enhancing the country’s infrastructure, including rail networks, highways, and urban development, provides Ircon with a steady stream of projects. These initiatives are vital for sustaining revenue growth and increasing Ircon’s share price.

Strong Project Execution and Management: Ircon’s reputation for timely and efficient project execution plays a crucial role in maintaining its market position. The company’s ability to handle complex projects, adhere to timelines, and maintain budgetary constraints is essential for building investor trust and driving share price growth. Successful project delivery directly impacts Ircon's profitability, which is a key driver of share price.

Emphasis on Technological Advancements: Ircon’s commitment to incorporating advanced technologies into its project management and execution processes is a significant factor in its operational efficiency. By adopting modern tools and techniques, Ircon can improve project quality, reduce costs, and enhance productivity. These technological advancements not only improve Ircon’s operational capabilities but also make it more appealing to investors who value innovation.

Global Market Expansion: Ircon’s strategic expansion into international markets has been a critical factor in its growth strategy. The company’s successful ventures in countries such as Sri Lanka, Bangladesh, and Malaysia have diversified its revenue streams and reduced its reliance on domestic projects. Continued success in these international markets will play a key role in sustaining Ircon’s growth and driving its share price upwards.

Long-Term Projections: Ircon Share Price Targets for 2025 to 2030

To understand Ircon's potential growth trajectory, it's important to look beyond 2024 and consider share price targets for the years 2025 to 2030. This long-term analysis will provide insights into Ircon’s growth prospects and help investors make informed decisions. We will explore key terms such as Ircon Share Price Target 2025, Ircon Share Price prediction, and Ircon Share Price Target 2030.

Ircon Share Price Target 2025

In 2025, Ircon’s share price is expected to continue its upward trend, with projections ranging from INR 300 to INR 320. This anticipated growth is based on Ircon's strong project execution capabilities, strategic focus on expansion, and the ongoing support from the Indian government for infrastructure development. Ircon’s ability to secure new contracts and maintain high standards of quality will be crucial in achieving these share price targets.

Ircon Share Price Target 2026

By 2026, Ircon's share price is forecasted to reach between INR 330 and INR 350. The company’s strategic initiatives to diversify its project portfolio and explore new markets will be key drivers of this growth. Ircon’s emphasis on technological advancements and innovation will also play a significant role in enhancing its operational efficiency and profitability, contributing to higher share prices.

Ircon Share Price Target 2027

In 2027, Ircon aims to solidify its position as a leading player in the infrastructure sector, with a share price target projected between INR 360 and INR 380. The company’s focus on sustainable growth, strategic partnerships, and efficient project management will be essential in achieving these targets. Investors can expect Ircon to continue leveraging its expertise to capitalize on emerging opportunities in the infrastructure market.

Ircon Share Price Target 2028

As Ircon progresses into 2028, the company’s share price is expected to reach between INR 390 and INR 410. This growth will be driven by Ircon’s ongoing commitment to innovation, operational excellence, and strategic expansion into new markets. By continuing to deliver high-quality projects and maintaining its strong market presence, Ircon is well-positioned to sustain its growth trajectory.

Ircon Share Price Target 2029

Approaching 2029, Ircon share price target is anticipated to be in the range of INR 420 to INR 440. The company’s strong financial performance, robust project pipeline, and ability to adapt to changing market conditions will be crucial in sustaining this growth. Continued investment in infrastructure projects, coupled with Ircon’s expertise in project execution, will support the company’s efforts to achieve these targets.

Ircon Share Price Target 2030

By 2030, Ircon aspires to be a dominant force in the global infrastructure sector, with a share price target expected to be between INR 450 and INR 470. This ambitious target will be driven by Ircon’s strategic initiatives, commitment to innovation, and consistent delivery of high-quality projects. The company’s ability to navigate the complexities of the infrastructure market and capitalize on new opportunities will be key in achieving its long-term goals.

READ ALSO:- Wipro Ltd: Forecasting Share Price Targets from 2024 to 2030

READ ALSO:- Wipro Ltd: Share Price Targets for 2024 to 2030 – A Comprehensive Forecast

Conclusion: A Bright Future Ahead for Ircon

Ircon International Ltd has proven its capability to deliver on its commitments, making it a prominent player in the infrastructure sector. With a current share price of INR 263, Ircon reflects a strong market position and a solid foundation for future growth. The projected share price targets for 2024 and beyond suggest a promising trajectory, driven by a robust order book, strategic expansion, and a focus on innovation.

For investors, monitoring Ircon’s financial health, project execution, and market trends will be crucial in making informed investment decisions. As Ircon continues to expand its operations, embrace technological advancements, and pursue strategic partnerships, it is well-positioned to deliver substantial returns for its shareholders. By aligning its strategic goals with market opportunities, Ircon is set to achieve its long-term share price targets, making it an attractive option for those looking to invest in the infrastructure sector.

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Ircon International share price up 4% on order from railways ministry

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Ircon IPO: Ircon International IPO opens today, share price starts at Rs 470

Ircon IPO: Ircon International IPO opens today, share price starts at Rs 470

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NEW DELHI: Railways engineering and construction firm Ircon International will offer its shares in an initial public offering (IPO), starting on Monday.

The company has fixed the price band between Rs 470 to Rs 475 per equity share for its proposed initial public offer (IPO).

The IPO is comprising an offer for sale of 9,905,157 equity shares by government, and the issue proposes to open…

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Ircon International share price jumps 5% after board recommends stock split

The board declared an interim dividend of Rs 13.45 per share (134.50% of the paid-up equity share capital) for the financial year 2019-20. source https://www.moneycontrol.com/news/buzzing-stocks/ircon-international-share-price-jumps-5-after-board-recommends-stock-split_13487401.html

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Share Market Today LIVE | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Updates November 9 Stocks in focus: RIL, Future Retail, ITC, Vedanta, JK Cement, IRCON International, Lakshmi Vilas Bank A total of 253 companies including Oil India, Equitas Small Finance Bank, Honeywell Automation, JK Cement, NOCIL, Parag Milk Foods, PC Jeweller, Sun Pharma Advanced Research Company, SREI Infrastructure Finance, Triveni Engineering, Venky’s India, VIP Industries and Zuari Agro Chemicals, are scheduled to announce their July-September quarter earnings today. Read full story Source link

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IRCON dips 7% as govt begins to offload up to 16% stake via OFS

IRCON dips 7% as govt begins to offload up to 16% stake via OFS

Shares of IRCON International Ltd, on Wednesday, fell 6.7 per cent to Rs 91.30 on the BSE after the company announced offer for sale (OFS) for up to 16 per cent government stake at a floor price of Rs 88 per share, which opened today for non-retail investors and will open for retail investors tomorrow. The floor price of Rs 88 is at a 10 per cent discount over IRCON’s closing price of Rs 97.85 on…