Ircon International Shows Significant Reversal Amid Ongoing Market Volatility

Ircon International has experienced a significant uptick today, gaining 7.78% as of March 18, 2025. This performance marks a notable trend reversal for the stock, which had seen five consecutive days of decline prior to today. The stock opened with a gap up of 3.8% and reached an intraday high of Rs 149.45, reflecting an increase of 8.1% at its peak.
Despite today's gains, Ircon International is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position. The stock has also exhibited high volatility, with an intraday volatility of 30.89%, calculated from the weighted average price.

In the broader market context, the Sensex opened positively, gaining 438.71 points and currently trading at 74,647.84, up 0.64%. While Ircon International has outperformed the sector by 4.77% today, its longer-term performance remains mixed, with a year-to-date decline of 30.70% compared to the Sensex's 4.47% drop. Over the past three years, however, the stock has shown remarkable growth of 261.21%, significantly outpacing the Sensex's 29.01% increase during the same period.