Ircon International Ltd (IRCON)

Railway Stocks Decline Amidst Budget Announcement Expectations - 23 Jul, 2024

Shares of Ircon International and other railway-related companies declined as the industry awaits announcements from the Finance Minister regarding significant allocation to improve infrastructure, connectivity, and modernize services across the railway network.

IRCON International Recommended as Key Budget Pick - 22 Jul, 2024

Analysts recommend IRCON International as a key budget pick for the Union Budget 2024 due to its strong financial performance and order book in railway and infrastructure projects.

Ircon International Shares Decline; Hari Mohan Gupta Appointed CEO - 18 Jul, 2024

Shares of IRCON International have dropped by nearly 11.5% from Monday's high of ₹351. Meanwhile, Hari Mohan Gupta has been appointed as the new CEO and KMP of the company, effective July 1, 2024.

Railway Stocks in Focus Ahead of Union Budget Presentation - 16 Jul, 2024

Ahead of the Union Budget presentation on 23 July, railway stocks such as Ircon International are in focus. JM Financial's top stock picks for the budget include IRCON, which may benefit from higher capital spending on railways infrastructure.

Tradeswift Broking Suggests Buying Ircon International Shares Ahead of Union Budget - 14 Jul, 2024

Ahead of the Union Budget, Sandeep Jain of Tradeswift Broking has suggested buying shares of Ircon International on a positional basis. The stock has given returns of about 10% in one week and 25% in two weeks, with a target of Rs 360 and Rs 370. In a year, the company's shares have given around 4x returns to its investors while increasing 800% in two years.

Ircon International Shares Surge on Contract Win - 08 Jul, 2024

Shares of Ircon International rose over 7% to hit a new record high after the company secured a contract worth Rs 750 crore from Rail Vikas Nigam. The stock sustained gains throughout the day.

Ircon International Bags Contract, Stocks Rise on Railway Investment Expectations - 06 Jul, 2024

Ircon International has won a Rs 750 crore contract from Rail Vikas Nigam for a new rail track installation. Analysts predict continued growth for the company due to government investments in railways.

Ircon International Shares Surge on Winning Order Worth Rs 750 Crore - 05 Jul, 2024

Ircon International shares rose to an all-time high after winning an order worth Rs 750.83 crore from Rail Vikas Nigam for a new broad gauge line between Rishikesh and Karanprayag in Uttarakhand. The company will execute the order through a joint venture with Paras Railtech Pvt. Ltd. and PCM Strescon Overseas Ventures Ltd. In 2024, the company's shares have delivered an impressive return of 82% so far.

Railway Sector Allocation to Benefit Ircon International Ltd - 04 Jul, 2024

Antique Stock Broking predicts increased allocation in the fiscal budget for railways will benefit companies such as IRCON International Ltd and Rail Vikas Nigam Ltd. The broking firm also sees an increase in wagon procurement benefiting Titagarh Rail Systems Ltd and Jupiter Wagons.

Ircon International Maintains Net Cash Position Despite Increase in Debt - 29 Jun, 2024

Ircon International's debt increased from ₹15.0b to ₹25.7b in one year, but it also has a net cash position of ₹29.8b due to its cash reserves. The company grew its EBIT by 38% over the last twelve months and created free cash flow amounting to 9.2% of its EBIT in the last three years.

Analysts Positive on IRCON International Stock - 27 Jun, 2024

Despite a recent drop from its all-time high value, IRCON International has gained 219.58% in a year and is expected to continue its upward move. Analysts largely suggest positive views on the counter with potential to hit an upside target of Rs 300 in the near term.