Concor declines on profit booking

Container Corporation of India fell 1.88% to Rs 1,511.35 at 15:25 IST on BSE on profit booking after the stock rose 16.57% in past four trading sessions to Rs 1,540.35 yesterday, 5 October 2015, from a recent low of Rs 1,321.30 on 29 September 2015.

Meanwhile, the BSE Sensex was up 145.05 points, or 0.54%, to 26,930.60.

On BSE, so far 8,997 shares were traded in the counter, compared with an average volume of 17,000 shares in the past two weeks.

The stock hit a high of Rs 1,570.15 and a low of Rs 1,497 so far during the day. The stock hit a 52-week high of Rs 1,944 on 1 June 2015. The stock hit a 52-week low of Rs 1,204.40 on 17 December 2014.

Container Corporation of India (Concor)'s net profit declined 21% to Rs 206.90 crore on 11.9% growth in net sales to Rs 1420.85 crore in Q1 June 2015 over Q1 June 2014.

Concor provides logistics solution. 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 61.79% stake in Concor (as per the shareholding pattern as on 30 June 2015).

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