As of January 17, 2025, here’s a comprehensive analysis of Ircon International Ltd.’s (IRCON) share price from both fundamental and technical perspectives:
Current Share Price:
- IRCON’s stock is trading at ₹220.41, reflecting a 13.97% increase over the past 24 hours.
Fundamental Analysis:
- Analyst Price Targets:
- The median 12-month price target is ₹202, with a high estimate of ₹205 and a low of ₹201, based on assessments from three analysts.
- Another source indicates an average 1-year price target of ₹206.72, with forecasts ranging between ₹203.01 and ₹215.25.
- Valuation Metrics:
- Quality Score: 6/10
- Growth Score: 7/10
- Valuation Score: 4/10
- Momentum Score: 3/10 These scores suggest moderate quality and growth potential, with relatively lower valuation and momentum metrics.
Technical Analysis:
- Moving Averages:
- The stock is currently below its 50-day and 200-day moving averages, indicating a potential downtrend.
- Relative Strength Index (RSI):
- The RSI is at 30, suggesting that the stock is approaching oversold territory.
- Technical Indicators:
- The overall technical rating is ‘Strong Sell,’ based on various indicators, including moving averages and oscillators.
Conclusion:
While IRCON’s recent price surge to ₹220.41 indicates positive short-term momentum, fundamental assessments suggest a median price target below the current trading price, implying potential overvaluation. Technical indicators also point toward a bearish trend. Investors should exercise caution and consider these factors in line with their investment strategies.
