India's Ircon International hits record high

Ircon International

16/11/2022 07:15

** Shares of construction co Ircon International Ltd
 IRCN.NS  rise as much as 11.3%, hitting a record high of 62
rupees
    ** Co reported a 38% rise in its Sept.qtr profit to 1.74 bln
rupees ($21.41 mln) on Friday 
    ** Revenue from operations rose 47% to 22.39 bln rupees 
    ** Stock on track for a fourth consecutive session of gains 
    ** More than 36 mln shares were traded vs the 30-day moving
avg of 6 mln shares 
    ** Median PT is 62 rupees - Refinitiv Data 
    ** As of last close, MAZG stock up 23.4% YTD 
    ($1 = 81.2730 Indian rupees)
 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))