Rs 32,152 crore order book and 200 per cent returns in year: This multibagger PSU stock bags new order worth Rs 84.68 crore from Ministry of MSME!

Shares of this company gained more than 80 per cent in the last six months.

Ircon International Limited has been awarded a contract by the Office of the Development Commissioner, Ministry of MSME, Govt. of India, to be the nodal agency for establishing technology centres and extension centres across India. The contract value is Rs. 84.68 crores (excluding GST). The contract period is 36 months from the date of contract signing.

Ircon International reported robust Q2FY24 results, with net sales growth of 33.41 per cent to Rs 2986.83 crore. The operating profit increased by 39.07 per cent, and net profit stood at Rs 223.59 crore, up 39.9 per cent from the previous year's same quarter.

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Ircon International Limited (IRCON) is a railway construction company, engineering and construction PSU specializing in large and technologically complex infrastructure projects in various sectors such as railways, highways, etc. The company has completed more than 300 projects in India and more than 100 projects across the globe in more than 21 countries. Ircon has an order book of Rs 32,152 crore.

Today, the stock opened at Rs 154.60 and made a high and low of Rs 156.60 and 151.85. The stock previously closed at Rs 153.50. The stock closed trading at Rs 153.45 down by 0.03 per cent. The stock has delivered multibagger returns of over 200 per cent in the last one year.

Disclaimer: The article is for informational purposes only and not investment advice.