Concor drops after weak Q2 outcome

Container Corporation of India declined 1.7% to Rs 1,348 at 09:44 IST on BSE after net profit fell 20.9% to Rs 191.88 crore on 8.6% growth in total income to Rs 1446.83 crore in Q2 September 2014 over Q2 September 2013.

The result was announced after market hours yesterday, 29 October 2014.

Meanwhile, the BSE Sensex was up 38.37 points, or 0.14%, to 27,136.54

On BSE, so far 2,273 shares were traded in the counter, compared with an average volume of 13,478 shares in the past one quarter.

The stock hit a high of Rs 1,377.60 and a low of Rs 1,345 so far during the day. The stock hit a record high of Rs 1,437.70 on 30 September 2014. The stock hit a 52-week low of Rs 698 on 19 December 2013.

The large-cap company has an equity capital of Rs 194.97 crore. Face value per share is Rs 10.

Container Corporation of India (Concor) provides logistics solution. It has the largest network of 62 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 61.80% stake in Concor (as per the shareholding pattern as on 30 September 2014).

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