Ircon International, a Navratna public sector enterprise and a leading turnkey construction company in the public sector, reported a 65% drop in its net profit at Rs 86 crore in the third quarter. The same stood at Rs 245 crore in the year-ago quarter. Revenue from operations in the reporting period also declined 11% year-on-year … Read more
Deepak Fertilisers And Petrochemicals among a host of other companies may likely remain in focus today as they had fixed September 3 as the record date for the purpose of payment of dividend to its eligible shareholders. This means today is the last day to buy shares of these companies to qualify for the announced … Read more
Various widely tracked companies like ITC, ONGC, IRFC, Ircon International, BHEL, BEL, Sun Pharma, Nykaa, Tata Investment Corporation, Hindalco, Ashok Leyland, and Divi’s lab will be releasing their March quarter report cards this week. Here’s a list: May 20ONGC, Indian Railway Finance Corporation (IRFC), Bharat Electronics (BEL), Oil India, SAIL, Deepak Nitrite, Whirlpool of India, … Read more
Are good days for public sector stocks nearing an end? It may not be the case for the entire pack but some of the stocks not only saw a double-digit correction but also a reduction in mutual fund holdings. Mutual funds reduced exposure in 14 public sector stocks in February, of which, seven of them … Read more
Stocks like Texmaco and BEML have shed around 30% or more while IRFC, RailTel, and RVNL have dropped over 25% since the Interim Budget on February 1. Source link
After falling 7-14% in Tuesday’s trade, shares of Indian Railway Finance Corporation (IRFC), Rail Vikas Nigam (RVNL), Ircon International, Indian Railway Catering & Tourism Corporation (IRCTC), and RailTel Corporation of India surged in Wednesday’s trade between 3-7% ahead of the Union Budget 2024.According to the analysts, the sharp rally in the railway pack was attributed … Read more
Even as trains are getting delayed amid intense cold waves in North India, there are no hiccups in the rally of railway stocks as they continue to move on the fast track ahead of the 2024 Budget. Ircon International was the leader in the pack on Saturday, gaining 15% while hitting a fresh 52-week high. … Read more
It was yet another successful divestment for the government as NHPC’s offer for sale (OFS) received a massive response from both institutional and retail investors. The OFS, which opened for retail investors on Friday, was subscribed 1.4 times, with the government getting bids for over 3.8 crore shares against 2.5 crore shares on offer. The … Read more
About 12 smallcap stocks that have given multibagger returns of upto 412% in 2023 so far, saw retail investors increase their holdings for three consecutive quarters. These 12 stocks are Anand Rathi Wealth, Control Print, Gravita India, IRCON International, Jupiter Wagons, KDDL Ltd, Kilburn Engineering, KSolves India, Saksoft, Shilchar Technologies, Sky Gold, and Som Distilleries … Read more
Major railway stocks like the Indian Railway Finance Corporation (IRFC), Rail Vikas Nigam Limited (RVNL), Ircon International, RITES, and RailTel Corporation of India fell up to 6%. Meanwhile, shipping stocks like Shipping Corporation of India (SCI), Garden Reach Shipbuilders, Mazagon Dock Shipbuilders, and Cochin Shipyard declined by up to 5% in the intraday trade. Palestinian … Read more