Ircon International zooms despite volatility over the Dalal Street
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Ircon International is currently trading at Rs. 85.75, up by 2.04 points or 2.44% from its previous closing of Rs. 83.71 on the BSE.
The scrip opened at Rs. 84.30 and has touched a high and low of Rs. 88.75 and Rs. 83.70 respectively. So far 2474794 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 91.70 on 21-Jun-2023 and a 52 week low of Rs. 36.85 on 27-Jul-2022.
Last one week high and low of the scrip stood at Rs. 88.75 and Rs. 79.00 respectively. The current market cap of the company is Rs. 8064.92 crore.
The promoters holding in the company stood at 73.18%, while Institutions and Non-Institutions held 6.22% and 20.59% respectively.
Ircon International (IRCON) has been awarded the work for Supply, Installation, Testing and commissioning of Integrated Tunnel Communication Systems, OFC based industrial grade network system including laying of OFC & other cables for Railway network which includes tunnels and stations in Jiribam-Khongsang section of Jiribam-Imphal new Railway Line Project at a total price of Rs 144 crore. This work has been awarded by N F Railway Construction on competitive bidding basis and the entire work shall be completed within 365 days from the date of issuance of Letter of Acceptance.
Ircon International is an integrated Indian engineering and construction company, specializing in major infrastructure projects.
