This railway sector player is testing multi-week breakout zone!

IRCON is an integrated engineering and construction PSU specializing in large and technologically complex infrastructure projects in various sectors such as railways, highways, etc.

The railway sector is picking up pace in India and this stock is showing consistently increasing sales, net profit and EPS. This has resulted in the stock giving a healthy 33% absolute stock price return in the past 1 year (source: screener.in)

Although a bit on the expensive side compared to book value, the stock has also given out a healthy dividend!

Definitely one to watch out for.

Kommentera:

6.48% Up today!

Kommentera:

11% return since posted! good going!