Stock watch: Concor
| In the last one month, the scrip jumped up 11 per cent from Rs 1209.09 on Sept 1, 2005 to Rs 1342 on Sept 5,2005. Analysts expect the stock to appreciate by 17 per cent over the next one year and also expect the company to report revenue growth of CAGR 20 per cent over the next three years with net profit growing by 19 per cent. Concor is in the business of providing multimodal logistic support services and enjoys monopoly in handling and moving goods in containers through the rail route. The company has two major operating divisions - exim and domestic. |
| More than 75 per cent of the company's revenue is generated from their Exim business while the remaining is generated from the domestic business.For the quarter ended June 2005, Concor reported a net profit of Rs 107.47 crore, compared to Rs 97.33 crore in the previous corresponding quarter. |
| Analysts believe that the Concor will continue to retain its leadership position in the future and hence the growth rates would not be affected in the short to medium term. |