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Weekly Tactical Pick: IRCON International

The IRCON stock attractively valued offering a good dividend yield

October 22, 2021 / 10:02 AM IST
Weekly Tactical Pick: IRCON International

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Ircon International (CMP: Rs 47.4, Nifty level: 18,178), a leading railway engineering company, has been a big beneficiary of the government’s focus on infrastructure, and is flush with cash. One of the high-quality defensive stocks, IRCON International offers a good opportunity to investors, prompting us to consider the stock as the tactical pick for the week. The IRCON stock has corrected marginally in the recent past and is attractively valued at the current price. At Rs 47.4 per share, it...

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