Stock of Interest

Posted On: September 12, 2023

Stock Report: IRCON(NSE) 11 Sep 2023

IRCON International Ltd is an India based integrated engineering and construction company. It specializes in infrastructure projects including railways, highways, bridges, flyovers, tunnels, aircraft maintenance hangars, runways, electrical and mechanical works, commercial and residential properties, development of industrial areas, and other infrastructure activities. It derives the majority of the revenue from the Railways sector. Geographically, it derives a majority of revenue from India. 

xCalData predicts that IRCON will continue its bullish phase over the next five days and trend within the range of 146 to 177. 

In comparison to the previous month, the price of the stock has experienced an increase of 50.63% indicating a bullish. 

The Stock has doubled once since 25 Oct 2018 and took an average of 4.5 years to double. 

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 4 years for the same week, we see the stock has given negative returns in 2 years in the past.

Majority of the technical ratios trend towards Bullish side of the spectrum. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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