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A week does not go by when I meet a promoter who says, I want to be debt free as soon as possible. So that is a concern from a corporate lending book.

Ircon is a Miniratna (Category - I) public sector enterprise and a leading turnkey construction company. The core competence of Ircon is in railway and highway projects.

​They have Punjab and then they have an agency of Mercedes in Kolkata and Madhya Pradesh. So, I think while you may not see necessarily a big SSG growth for both of these businesses, you will see revenue top line and progressively EBITDA growth because the absolute number of branches will keep expanding.

Promoters held 61.03 per cent stake in the company as of 31-Mar-2023, while FIIs owned 17.99 per cent, DIIs 12.97 per cent.

"Paytm, Zomato, PolicyBazaar, Nykaa are entrepreneur driven companies and in India, you make a lot of money if you bet on the right entrepreneur, as we have seen with Reliance Industries, Asian Paints or Titan, for that matter, the Tata Group companies. These companies have all the right ingredients for a multibagger. If you remain patiently invested at some point of time, positive news flow will drive the stock prices higher."

The stock quoted a 52-week high price of Rs 4010.0 and low of Rs 2870.0.

The Nifty Bank index was trading 0.92 per cent down at 44553.0.

​The Futures Long Position Scan performed on August 8 revealed Aggressive New Long positions on 3 Nifty50 counters​

A total of 1,182 shares changed hands on the counter till 11:57AM (IST).

The stock quoted a 52-week high price of Rs 4935.0 and a 52-week low of Rs 3310.0.