IRCON trade ideas
Miniratna - Fundamental Fair value 105; Bull Case Value 115Fundamental Fair value 105; Bull Case Value 115, Now at the 200 MA potential move to 105/115 in next 6 months.
Stock P/E: 11.23
Book Value: 88.70
Dividend Yield: 5.30 %
ROCE: 10.72 %
ROE: 11.93 %
Sales Growth (3Yrs): 20.68 %
Face Value: 2.00
GOI holding 89.18%
Company has reduced debt.
Stock is trading at 1.01 times its book value
Company has been maintaining a healthy dividend payout of 40.68%
Debtor days have improved from 49.74 to 37.32 days.
Government of India holds 89.18% equity in IRCON. The company is a Mini Ratna Category – I Public
Sector Undertaking since 1998. The board of IRCON is headed by Mr. Sunil Kumar Chaudhary (current Chairman and
Managing Director). He holds a bachelor’s degree in science (civil engineering) from University of Delhi and a master’s degree
in technology (Management and systems) from the Indian Institute of Technology, Delhi. In the past, he was on the board of
companies such as National Buildings Construction Corporation (India) Limited and Housing and Urban Development
Corporation Limited and is experienced in handling infrastructure projects such as railways, airports, flyovers and bridges etc.
IRCON has a professionally managed by the Board of Directors comprising three whole-time directors, two government
nominee directors and three independent directors.
Above data is copied from publicly available data available on various websites, i do not take responsibility for any loss.
Ascending Traaingle pattern in IRCONWatch out for the stock to give breakout above 100 in ascending triangle pattern, with target of 120 and 140, stop loss 93.
ircon inttry to breakout consolidation zone.
buying volume increase.
rsi increase.
Shareholding pattern in percentages
Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
Promoters + 89.18 89.18 89.18 89.18 89.18 89.18 89.18 89.18
FIIs + 1.28 0.32 0.28 0.26 0.15 0.14 0.20 0.18
DIIs + 3.87 5.14 4.95 92 4.31 3.35 2.88 2.90
Market Cap: 4,496 Cr.Current Price: 95.6052 weeks High / Low 119.80 / 58.00 Book Value: 88.70 Stock P/E: 9.26 Dividend Yield: 2.81 % .
ROCE: 8.92 % ROE: 11.41 %Sales Growth (3Yrs): 24.40 %
Uptrend !!Trading inside a parallel zone. Volume is declining, bleak chances of breaking the resistance.
Cup and Handle breakout - Daily chartCup and Handle breakout with wonderful price action confirmation on a daily chart.
