IRCON eyes bounce after Q1 miss, ₹161 key support: Analyst
IRCON shares dipped 3% post weak Q1, but SEBI analyst Rajneesh Sharma sees early bullish signs if ₹161 support holds. Despite 22% revenue drop, order book visibility remains strong, with focus on rail infra and highways. Technicals show RSI divergence and channel support. Execution pace and PSU sentiment may cap gains, but upside risk-reward remains favourable.