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    Weekly Tactical Pick | IRCON International   

    Moneycontrol Research
    February 28, 2020 / 09:50 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

    Moneycontrol Research Highlights - Trading at attractive valuations supported by good dividend yield - Robust order book provides strong revenue visibility - Execution to improve in the coming quarters - Expect earnings growth to bounce in Q4FY20 This week, we are suggesting Ircon International, (CMP: Rs 547 , market cap: Rs 4,903 crore) that offers a good risk reward opportunity. Since the time we highlighted IRCON International at around Rs 400 in October last year, the stock made a high of Rs 600 and corrected recently to current...

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