IRCON and other Railway PSUs shares rallied with major order gains; Check Here
Amid securing a bulk order gains, the shares of major railway PSUs surged over by 10-12% where the mostly the high trend has been followed by IRCON International which hits a high of Rs 220.45. The stock has rallied by 38.01% in one month.
New Delhi: Amid securing a bulk order gains, the shares of major railway PSUs surged over by 10-12% where the mostly the high trend has been followed by IRCON International which hits a high of Rs 220.45. The stock has rallied by 38.01% in one month.
The PSU firm has secured an order worth Rs 1,068.34 crore from East Central Railway for constructing a new broad-gauge rail bridge.
The project includes a double-line substructure and a single-line superstructure, connecting Bikramshila and Katareah stations as part of the new railway line project. Furthermore, it has bagged some new contracts including a major KAVACH contract from the Railway, indicating potential for future growth.
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Meanwhile, the shares of RailTel Corporation of India also gained over 12% after the company recently selected Techno Electric & Engineering Company as a partner to set up a 10 MW data centre in phases on RailTel’s land in Noida, Uttar Pradesh.
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The stock has witnessed a 52-week high of Rs 351.60 and has market capitalization of Rs 20.76K crore as of 31 March, 2025. At the time of closing, 3:30PM, the shares of IRCON International were trading higher by 14.00% at Rs 221.10 at the BSE.
According to analysts, the share price of IRCON may go up & Down. According to the analysis levels, the minimum cost of Ircon shares in 2025 can be Rs 142, and the maximum price can be Rs 270. Many analysts find that the stock should be in bullish zone for a long period with robust order book and significant contract deals.
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