Ircon International shares jump nearly 4% on inking MoU with Patel Engineering for infra projects

Shares of Ircon International surged by 3.6% following an MoU with Patel Engineering Limited to explore joint infrastructure projects. Retail investors boosted their stake while FIIs reduced theirs. Despite a 17% revenue dip in Q1 FY25, Ircon saw a 19.5% rise in net profit.