Concor advances after reporting good Q1 numbers

Container Corporation of India gained 3.47% to Rs 1,187 at 9:54 IST on BSE after net profit rose 36.4% to Rs 243.38 crore on 9.9% increase in net sales to Rs 1456.80 crore in Q1 June 2017 over Q1 June 2016.

The result was announced after market hours yesterday, 31 July 2017.

Meanwhile, the S&P BSE Sensex was up 31.08 points, or 0.1% at 32,546.02.

On the BSE, 21,000 shares were traded on the counter so far as against the average daily volumes of 25,382 shares in the past one quarter. The stock had hit a high of Rs 1,198 and a low of Rs 1,173 so far during the day. The stock had hit a 52-week high of Rs 1,250.45 on 23 May 2017 and a 52-week low of Rs 844 on 21 December 2016.

The stock had underperformed the market over the past one month till 31 July 2017, advancing 0.13% compared with the Sensex's 5.15% rise. The scrip had also underperformed the market over the past one quarter sliding 5.85% as against the Sensex's 8.68% rise. The scrip had also underperformed the market over the past one year declining 4.4% as against the Sensex's 15.91% rise.

The large-cap company has equity capital of Rs 243.72 crore. Face value per share is Rs 10.

Concor provides logistics solutions. It has the largest network of inland container depots (ICDs)/container freight stations in India. In addition to providing inland transport by rail for containers, it has also expanded to cover management of ports, air cargo complexes and establishing cold-chain. The Government of India (GoI) holds 54.8% stake in Concor (as per the shareholding pattern as on 30 June 2017).

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