Mumbai: Government-owned IRCON International witnessed a sharp rise in its stock price on Tuesday, April 15, 2025, following the announcement of a new railway project. The shares jumped by 5 per cent, hitting Rs 158 in morning trade, driven by positive sentiment surrounding the fresh work order.
Microprocessor Supply Contract from North Western Railway
The company informed the Bombay Stock Exchange (BSE) that it has received a contract worth Rs 127 crore from the North Western Railway's Ajmer Division. The scope of the project includes the production, supply, installation, and commissioning of microprocessor-based systems. The work is to be completed over a 24-month timeline.
Share Performance and Market Outlook
IRCON International’s shares opened at Rs 154.85 and rose to Rs 158 by 10:43 AM. The 52-week high for the stock stands at Rs 351.65, while the low is Rs 134.30. The company currently holds a market capitalization of Rs 14,794.31 crore. Despite the recent rise, the stock is down by 29 per cent in 2025 and 28 per cent over the last 12 months. However, over a two-year period, the share has surged by 168 per cent, indicating long-term growth potential.
Recent Big-Ticket Orders Boosting Sentiment
The current Rs 127 crore order adds to a string of recent contracts. IRCON, through its joint venture SSNR Projects, previously secured a massive order worth Rs 872.69 crore from Rail Vikas Nigam. Additionally, another joint venture involving Badari Roy and Company won a project worth Rs 1,096.17 crore on March 17, further strengthening the company’s order book.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Stock market investments carry risks. Please consult a financial advisor before making any investment decisions.
