Concor drops after weak Q3 numbers

Container Corporation of India lost 2.53% to Rs 1,182.15 at 9:24 IST on BSE after net profit fell 31.53% to Rs 206.12 crore on 3.32% decline in total income to Rs 1485.86 crore in Q3 December 2015 over Q3 December 2014.

The result was announced after market hours on Monday, 25 January 2016. The stock market was shut on Tuesday, 26 January 2016 for Republic Day Holiday.

Meanwhile, the S&P BSE Sensex was up 10.05 points or 0.04% at 24,496.

On BSE, so far 1,977 shares were traded in the counter as against average daily volume of 13,000 shares in the past two weeks. The stock hit a high of Rs 1,188 and a low of Rs 1,175.10 so far during the day. The stock had hit a 52-week low of Rs 1,125 on 19 January 2016. The stock had hit a record high of Rs 1,944 on 1 June 2015.

The large-cap company has 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 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 September 2015).

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