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IRCON International drops after weak Q4 result

Capital Market 

IRCON International lost 5.04% to Rs 405.80 at 15:12 IST on BSE after net profit dropped 55.8% to Rs 95.59 crore on 2.1% rise in total income to Rs 1606.32 crore in Q4 March 2019 over Q4 March 2018.

The result was announced after market hours yesterday, 28 May 2019.

Meanwhile, the S&P BSE Sensex was down 249.09 points, or 0.63% to 39,500.64

On the BSE, 25,000 shares were traded in the counter so far, compared with average daily volumes of 6,705 shares in the past two weeks. The stock had hit a high of Rs 416.45 and hit a low of Rs 394 so far during the day.

IRCON International (formerly known as Indian Railway Construction Company) is a Mini Ratna and Schedule 'A' PSU incorporated mainly for the purpose of construction and development of Railway Infrastructure in India and abroad with the expertise from Indian Railways.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 29 2019. 15:19 IST
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