IRCON #StockAnalysis #TechnicalAnalysis #Fundamentals #Infrastr
**IRCON International Ltd (NSE: IRCON)** is currently experiencing a retracement from its recent high of ₹301.45, down 1.84% to ₹268.90. The stock is testing support around ₹266.68 (23.6% Fibonacci level) within a long-term ascending channel. Key resistance levels are ₹301.45 and above, with support at ₹226.68. The RSI indicates potential further consolidation.
### **Fundamental Overview:**
- **Revenue and Profitability:** IRCON reported strong revenue growth of 22.7% to ₹10,080 crore in FY 2024, with a net profit increase of 13.4% to ₹911 crore. The company's EPS stands at ₹4.85 [oai_citation:1,IRCON INTERNATIONAL Intrinsic Value & Fundamental Analysis-16 Jun,2024](smart-investing.in/main.php?Company=IRCON+INTERNATIONAL+LTD) [oai_citation:2,simplywall.st](simplywall.st/stocks/in/capital-goods/nse-ircon/ircon-international-shares
- **Valuation:** Currently trading at a P/E ratio of 21x, the stock is considered overvalued relative to its intrinsic value of ₹73.91. The high P/E suggests that investors are pricing in significant future growth [oai_citation:3,IRCON INTERNATIONAL Intrinsic Value & Fundamental Analysis-16 Jun,2024](smart-investing.in/main.php?Company=IRCON+INTERNATIONAL+LTD) [oai_citation:4,Ircon International Ltd NSE Fundamental Analysis - Balance Sheet & Share Holding Pattern | Motilal Oswal](motilaloswal.com/markets/equity-market-fundamental/IRCON/541956/5497/NSE).
- **Dividend:** IRCON offers a dividend yield of 1.2%, reflecting consistent returns to shareholders [oai_citation:5,Ircon International Ltd NSE Fundamental Analysis - Balance Sheet & Share Holding Pattern | Motilal Oswal](motilaloswal.com/markets/equity-market-fundamental/IRCON/541956/5497/NSE).
- **Market Position:** As a key player in infrastructure and construction, IRCON benefits from ongoing government projects and robust order books, positioning it well for future growth.
### **Technical Analysis:**
- **Trend:** In a broad ascending channel since October 2022, with current support and resistance indicating potential for both continuation and correction.
- **Volume:** Increased trading volume suggests strong investor interest, though recent selling pressure could signal profit-taking.
**Outlook:** Despite a slight pullback, IRCON’s strong fundamentals and growth potential in infrastructure projects make it a compelling watch for investors, though caution is advised due to its current overvaluation.
📊 #IRCON #StockAnalysis #TechnicalAnalysis #Fundamentals #Infrastructure
### **Fundamental Overview:**
- **Revenue and Profitability:** IRCON reported strong revenue growth of 22.7% to ₹10,080 crore in FY 2024, with a net profit increase of 13.4% to ₹911 crore. The company's EPS stands at ₹4.85 [oai_citation:1,IRCON INTERNATIONAL Intrinsic Value & Fundamental Analysis-16 Jun,2024](smart-investing.in/main.php?Company=IRCON+INTERNATIONAL+LTD) [oai_citation:2,simplywall.st](simplywall.st/stocks/in/capital-goods/nse-ircon/ircon-international-shares
- **Valuation:** Currently trading at a P/E ratio of 21x, the stock is considered overvalued relative to its intrinsic value of ₹73.91. The high P/E suggests that investors are pricing in significant future growth [oai_citation:3,IRCON INTERNATIONAL Intrinsic Value & Fundamental Analysis-16 Jun,2024](smart-investing.in/main.php?Company=IRCON+INTERNATIONAL+LTD) [oai_citation:4,Ircon International Ltd NSE Fundamental Analysis - Balance Sheet & Share Holding Pattern | Motilal Oswal](motilaloswal.com/markets/equity-market-fundamental/IRCON/541956/5497/NSE).
- **Dividend:** IRCON offers a dividend yield of 1.2%, reflecting consistent returns to shareholders [oai_citation:5,Ircon International Ltd NSE Fundamental Analysis - Balance Sheet & Share Holding Pattern | Motilal Oswal](motilaloswal.com/markets/equity-market-fundamental/IRCON/541956/5497/NSE).
- **Market Position:** As a key player in infrastructure and construction, IRCON benefits from ongoing government projects and robust order books, positioning it well for future growth.
### **Technical Analysis:**
- **Trend:** In a broad ascending channel since October 2022, with current support and resistance indicating potential for both continuation and correction.
- **Volume:** Increased trading volume suggests strong investor interest, though recent selling pressure could signal profit-taking.
**Outlook:** Despite a slight pullback, IRCON’s strong fundamentals and growth potential in infrastructure projects make it a compelling watch for investors, though caution is advised due to its current overvaluation.
📊 #IRCON #StockAnalysis #TechnicalAnalysis #Fundamentals #Infrastructure
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