
IRCON International share price rise amid market crash on this order book update
IRCON International intimated the exchanges on 31 May 2025, Saturday, about Receipt of Letter of Acceptance (LOA) from East Central Railway of the Indian Railway. In its intimation to the National Stock Exchange of India and the BSE or the Bombay Stock Exchange, the IRCON International said that East Central Railway, Indian Railway has awarded the work to Ircon International Limited for Engineering, Procurement and Construction (EPC) for Construction of New BG Rail Bridge (2x32.086m Open Web Steel Girder + 33x122.0 m Open Web Steel Girder) with Sub-structure of Double line Track and Superstructure of Single line Track across River Ganga between Bikramshila and Katareah Stations on New Railway Line Project invited by East Central Railway.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Mint
20 minutes ago
- Mint
THESE 8 Nifty 500 stocks have doubled investors' money since last Independence Day; do you own any?
The past year has been challenging for Indian stock market investors, as weak earnings, stretched valuations, geopolitical instability, foreign capital outflow, and Trump's tariffs kept the domestic market under pressure. Since last Independence Day, the Nifty 50 has gained just 0.40 per cent, while the broader Nifty 500 index has declined 1.6 per cent over the same period. Stocks, such as Akums Drugs, Tejas Networks, Sterling and Wilson, Vodafone Idea, and Ola Electric have crashed between 50-60 per cent over the last year. However, despite the market downtrend and persistent headwinds, some 200-plus Nifty 500 stocks have delivered gains over the past year. Of these, nearly 150 have surged by at least 10 per cent. Some eight stocks have posted even stellar gains of over 100 per cent, doubling investors' wealth since last Independence Day. let's take a look: BSE stands as the top gainer in the Nifty 500 index, surging about 191 per cent over the last year. The BSE stock hit a 52-week low of ₹ 841.67 on August 14 last year and saw strong gains thereafter, rising to a 52-week high of ₹ 3,030 on June 10. The small-cap stock has surged 171 per cent since last Independence Day, hitting a 52-week high of ₹ 27,740 on April 21 this year. JSW Holdings hit a 52-week low of ₹ 6,455 on August 14 last year. Shares of Godfrey Phillips India have clocked a robust gain of 134 per cent over the last year. This small-cap stock rose to a 52-week high of ₹ 11,444 recently on August 7 after hitting a 52-week low of ₹ 4,112.45 on January 28 this year. Shares of Premier Energies debuted on the NSE and the BSE on September 3 last year. On August 14, 2025, the stock ended at ₹ 986.30. Hence, in less than a year, the stock has surged 119 per cent from its issue price of ₹ 450. The mid-cap stock surged to its record high of ₹ 1,388 on December 17 last year, but declined subsequently on profit booking. Premier Energies hit a record low of ₹ 774.05 on April 7 this year. Paytm has clocked a solid gain of 114 per cent over the last year despite market volatility. It scaled a fresh 52-week high of ₹ 1,187 on August 13 this year after falling to a 52-week low of ₹ 505.50 on August 14 last year. Small-cap stock Authum Investment has gained 108 per cent since last Independence Day. The stock hit a 52-week low of ₹ 1,325.50 on February 28 but rebounded sharply in the subsequent months, rising to a 52-week high of ₹ 2,999 on August 13 this year. With a gain of 104 per cent, JM Financial stands as one of the top gainers in the Nifty 500 index over the last year. It recently hit a 52-week high of ₹ 190 on August 13 after hitting a 52-week low of ₹ 80.20 on April 7 this year. Small-cap pharma stock Laurus Labs has jumped about 101 per cent in the last one year, hitting a 52-week high of ₹ 922.50 on July 30 this year after falling to a 52-week low of ₹ 417.70 on August 14 last year. Read all market-related news here Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.


Business Standard
20 minutes ago
- Business Standard
Swiggy's Students Rewards Program Crosses 3 Lakh Enrollments, Signing up now made easier with valid physical College ID
PRNewswire Bengaluru (Karnataka) [India], August 15: Swiggy (Swiggy Ltd) (NSE: SWIGGY) (BSE: 544285), India's pioneering on-demand convenience platform, today announced that it has rapidly expanded its Students Rewards Program to reach 3 lakh college students across 3,500 campuses within three months of launch. Additionally, the company shared that it has introduced sign up via physical College ID card for students. This upgrade ensures that students without a college email id can also avail the benefits of the Students Rewards Program. Students can simply search for the phrase "Identity card" on the app, upload a photo of their valid student ID card and get started. For students, the benefits are designed to make every meal and grocery run lighter on the pocket. With Swiggy One Lite available at just ₹1 for three months, they can enjoy up to 67% off on food delivery orders, flat INR 225 off on select food orders, and flat INR 50 off on Instamart purchases. Dining out becomes even more affordable with an extra 20% off on restaurant bills, and those paying via BHIM can get an additional INR 40 off, making everyday cravings and essentials more budget-friendly. From engineering labs to hostel corridors, food is a great unifier for students. We have seen some interesting trends over the last 3 months of the Students Rewards Program being live. While order volumes were highest in the metro cities, interestingly, more than one third of students who enrolled for the Students Rewards Program were from emerging towns like Manipal, Patiala, Dehradun and Mangaluru - marking popularity of this Rewards Program beyond metros. Reflecting on the rapid growth of the program, Deepak Maloo, Vice President - Food Strategy, Customer Experience & New Initiatives, Swiggy, said "The Student Rewards Program is a key part of Swiggy's larger effort to deliver greater value and convenience to young consumers. By expanding access to students who may not have a college email ID but can verify their identity with a valid college ID card, we aim to make the program even more inclusive and impactful--while deepening our presence across India's vibrant college ecosystem." To know more about the College ID verification, please visit this link- Swiggy Unveils Its First-Ever College Rankings 2025 In addition to this, Swiggy tapped into the pulse of students' food preferences across 8000 campuses and unveiled its first-ever College Rankings 2025. From midnight munchies to biryani binges, here's how students across India are making food a serious part of their college routine. - VIT Vellore, AIMS New Delhi, and IIT Madras were Snack Lovers' Paradise with the highest snack orders. - ISB Hyderabad, PGIMER Delhi, and Dr. DY Patil Medical College Pune topped the charts for protein-rich meals. - Burgers continued to be amongst the favourites. The highest number of burger orders came from KIIT Bhubaneswar, IIT Bombay and IIT BHU Varanasi. - The colleges with the most biryani orders were NIT Warangal, University of Hyderabad, Osmania University in Hyderabad, BITS Pilani Goa, and IIIT Hyderabad. - Students of IIT Bhilai, BITS Pilani Hyderabad and Malla Reddy College Hyderabad clocked highest meals items in a single order. - Thapar Institute (Patiala), IIIT (Hyderabad) and IIT (Kharagpur) redeemed the most Swiggy coupons. You can view the college rankings here. About Swiggy: Swiggy is India's pioneering on-demand convenience platform, catering to millions of consumers each month. Founded in 2014, its mission is to elevate the quality of life for the urban consumer by offering unparalleled convenience, enabled by 5.4 lakh delivery partners. With an extensive footprint in food delivery, Swiggy collaborates with over 2.5 lakh restaurants across ~718 cities. Instamart, its quick commerce platform operating in 124 cities, delivers groceries and other essentials across 20+ categories in 10 minutes. Fueled by a commitment to innovation, Swiggy continually incubates and integrates new services like Swiggy Dineout and Swiggy Scenes into its app, as well as creating standalone offerings like Snacc and Pyng for opening up new market segments. Leveraging cutting-edge technology and Swiggy One, the country's only membership program offering benefits across food, quick commerce and dining out, Swiggy aims to provide a superior experience to its users.

Economic Times
an hour ago
- Economic Times
Q1 results trigger selloff in NSDL shares. Rs 1,150 could be last line of defence
Shares of National Securities Depository Ltd (NSDL) have tumbled nearly 9% in two sessions since its June-quarter earnings, as investors extended profit-taking, with technical analysts warning that Rs 1,150 could act as a crucial support level, and if breached, could pave the way for sharper losses. ADVERTISEMENT The stock fell as much as 4% during Thursday's session before ending 2.5% lower at Rs 1,175.35 on the BSE. That's down from Rs 1,288.80 on August 12, when NSDL posted its first results as a public company. Despite the pullback, shares remain about 47% above the IPO price of Rs 800. For the quarter ended June 30, 2025, NSDL reported a 15.1% year-on-year rise in consolidated net profit to Rs 89.6 crore, supported by stronger margins and operational efficiency. Revenue from operations dropped 7.4% to Rs 312 crore, while EBITDA rose 18.3% to Rs 95.6 crore, lifting margins to 30.6% from 24% a year earlier. Sunny Agrawal, Head of Fundamental Equity Research at SBI Securities, noted that 'NSDL's strong earnings growth in its first post-IPO quarter reflects resilience from a diversified, high-margin model.' He said that gains in BO account share, unlisted company leadership, and scaling of new revenue platforms 'offer visibility for double-digit growth.' Agrawal valued the company at Rs 1,400–1,450, with the stock trading at 70 times FY26 Mishra, SVP, Research at Religare Broking, said, 'Post Q1FY26 result, NSDL's stock price experienced a notable correction following an exceptional initial rally after its IPO.' While net profit rose 15.1% YoY, he pointed to a drop in revenue due to softer capital market activity. 'Sustaining this premium will depend on consistent revenue growth in the coming quarters,' he said, adding that near-term topline softness warrants monitoring. Nitin Jain, Sr. Research Analyst at Bonanza, described the Q1 showing as evidence of 'operational efficiency and effective cost management' that delivered margin gains despite lower revenue. On valuations, he said NSDL's P/E of 70–77 times versus CDSL's 66 'reflects high growth expectations priced in,' fuelling volatility and profit-taking. ADVERTISEMENT Jain said that the recent pullback is 'a typical response from the market to an enthusiastic surge and elevated prices, rather than a sign of fundamental weakness.' He believes long-term investors could see this as an opportunity, while short-term traders may prefer to wait for consolidation. Unlock 500+ Stock Recos on App From a chart perspective, Drumil Vithlani, technical research analyst at Bonanza, said the stock 'shows signs of losing momentum after a sharp rally earlier this month.' Vithlani noted that it is trading below its short-term EMA at Rs 1,220, with RSI at 41.80 suggesting cooled momentum, and recommended booking partial profits while keeping a stop loss at Rs 1,150. ADVERTISEMENT Siddharth Tyagi, Research Analyst at INVasset PMS, also flagged weakness. 'The stock has come under pressure following the results, falling over 9% since the announcement,' he said, highlighting oversold RSI readings, a bearish MACD, and weak trend signals. He pegged support at Rs 1,166 and Rs 1,127, with resistance between Rs 1,276 and Rs 1, said that while Q1 results showed 'commendable efficiency and profitability amid soft revenue,' the technical setup and valuation 'paint a backdrop better suited for consolidation rather than immediate upside.' ADVERTISEMENT Also read | Paytm shares up 17% so far in 2025. Should you ride the rally or wait for a dip? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)