This Debt-Free Railway Sector Company Has Made Investors Rich—Find Out How It Could Cross ₹340!

Debt-Free Railway Sector Company: As India accelerates towards the electrification of its railways and the goal of zero carbon emissions, Ircon International has delivered stellar returns to its investors. The company’s high-quality work and ability to secure continuous orders have made it an attractive investment option. Experts believe the company’s shares could soon cross ₹340, providing even greater returns to its investors.

Highlights:

• Ircon International’s market cap stands at ₹25,205.82 crore
• The company’s share price has surged 157.4% over the last year
• Prime Minister Narendra Modi aims to achieve zero carbon emissions in Indian Railways by 2030
• Market experts recommend buying the stock
• Potential for business expansion in the coming years

Important Points to consider:

Indian Railways is considered the backbone of the country’s transportation system. Under the leadership of Prime Minister Narendra Modi, railway electrification is progressing rapidly. In this effort, Ircon International has played a crucial role. Over the past few years, the company has provided exceptional returns to its investors, and experts believe that its share price could soon surpass ₹340.

Also Read: Green Energy Company Waaree Renewable Technologies Secures Major Order, Achieves a 460% Return in a Year with a New Leap Forward

Ircon International: An Introduction (Railway Sector Company)

Ircon International is engaged in the construction of infrastructure for railways, highways, bridges, flyovers, tunnels, metros, railway electrification, extra high voltage substations, electrical and mechanical works, as well as commercial and residential buildings and railway production units.

Company Achievements

The company has worked in various states across India and in countries such as Malaysia, Nepal, Bangladesh, and Sri Lanka. Ircon International has completed 398 domestic projects and 128 international projects in 25 countries.

Also Read: Ola Electric Target: First Reactions from Brokerage Firms Post Listing—What’s Special for Investors?

Current Status and Future Prospects

Ircon International’s market cap stands at ₹25,205.82 crore, with its current share price at ₹266.80. The company’s share price has surged by 157.4% over the past year.

Expert Opinions

Market expert Raghavendra Kedia believes that Ircon International’s stock still has significant potential, setting a target price of ₹340.

Prime Minister Narendra Modi’s Electrification Goal

Prime Minister Narendra Modi has set a goal for Indian Railways to achieve zero carbon emissions by 2030. Several key projects have been initiated in this direction, with Ircon International playing a central role.

Also Read: ₹1.5 Lakh Crore Hydropower Project: Signs of Growth in Patel Engineering’s Stock

Business Expansion

With the focus on electrification and zero carbon emissions, Ircon International is poised for further business expansion in the coming years.

FAQ