News for IRCON International Ltd (IRCON.BO)

They included names such as BEML Ltd, Cyient DLM Ltd, IRCON International, Mastek Ltd, Karnataka Bank Ltd, Titagarh Rail Systems Ltd and VIP Industries Ltd.

Indian equity markets ended February on a subdued note, with Nifty having its worst monthly crash since the pandemic. Smallcap stocks faced significant declines, while 25 out of 30 Sensex stocks delivered negative returns, with 12 experiencing double-digit losses. The IT sector saw the steepest fall amid concerns over a weakening US business environment.

The analysis revealed that nearly 96% (255) of low beta stocks have dropped by double digits from their 52-week peak, with 5% (13 stocks) falling over 50%.

Jupiter Wagons stock rose 8.7% to Rs 325.60 against the previous close of Rs 299.30 on BSE.

Bandhan Bank, UCO Bank, Natco Pharma, Ircon International Ltd, IRCTC, ACC, BEML, Titagarh Rail Systems and Tanla Platforms were among BSE MidSmallcap 400 companies hitting their 52-week lows today.

Stocks including Wirpo, BHEL, Shriram Finance, ABB India, Rail Vikas Nigam, Glenmark Pharma, ABFRL, Ircon and more will be in the spotlight on Monday, February 17.

Indian benchmark indices fell for the eighth straight session to end Friday in the red amid FII selling with banks, auto and FMCG sectors among the big losers. When markets resume trading on Monday, a host of important domestic and global events lined-up during the week are likely to impact them.

Honasa Consumer, Salasar Techno Engineering, Vakrangee, Subex, Hardwyn India and Gensol Engineering are among 276 of 938 index constituents, which have fallen 75-80% from their 52-week highs levels.

Release Date: February 12, 2025For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points IRCON Intern

Refinitiv StreetEvents Event TranscriptE D I T E D V E R S I O NIRCN.NS - Ircon International LtdQ3 2025 Ircon International Ltd Earnings CallFeb 12, 2025 / 1

A stock holding above 670 may see a 5-10% rise, while falling below could lead to a 5-7% drop. RIL has strong support at 1140-1150 (61.8% Fibonacci retracement) and resistance at 1,350. Technical indicators suggest a selling trend, with RSI pointing to a potential support zone for future movement.

For HAL, Antique said Q3 results were a beat on all fronts and that supply chain normalisation would be a key monitorable. For IRCON International, it was yet another weak quarter.

Indian equity indices closed lower for the sixth straight session. Campus Activewear, Ashok Leyland, and SAIL gained on strong earnings, while Bayer Cropscience, Sammaan Capital, and Ircon International declined due to weak quarterly results.

Shares of select companies including Ircon, Gensol, Birlasoft, Renuka Sugars and Kirloskar Oil cracked up to 17 per cent during the trading session on Wednesday.

Shares of Ircon International Ltd. fell over 9% to hit an over one-month low on Wednesday after it reported a dip in net profit for the quarter ended Dec. 31, 2024. The 'navratna' public sector enterprise recorded a 64.89% fall in consolidated net profit at Rs 86 crore for the quarter ended December, compared to Rs 245 crore in the same quarter of the previous fiscal.

Ircon International Ltd's shares hit a 52-week low after a sharp decline in Q3 profits, impacting EBITDA and revenue.

The shares of Ircon International dropped by 8.8% due to a significant 65% fall in net profit for Q3 2024. Revenue also declined by 11% YoY, with the total order book standing at Rs 21,939 crore. An interim dividend of Rs 1.65 per share has been approved.

Stocks including Eicher Motors, Lupin, MTAR Technologies, Aditya Birla Capital, Nykaa, Bata india, SBFC Finance, Samhi Hotels and more will be in the spotlight on Tuesday, February 11.

An analyst from Anand Rathi said that RVNL appears slightly bearish as it is testing the critical support level at the current juncture and a wait-and-watch approach is advisable.