Concor drops after weak Q4 result

Container Corporation of India lost 1.88% to Rs 1,361.85 at 15:15 IST on BSE after net profit fell 51.8% to Rs 141 crore on 5.9% decline in total income to Rs 1512.98 crore in Q4 March 2016 over Q4 March 2015.

The result was announced after trading hours yesterday, 25 May 2016.

Meanwhile, the S&P BSE Sensex was up 484.57 points or 1.87% at 26,365.74

On BSE, so far 25,699 shares were traded in the counter as against average daily volume of 25,199 shares in the past one quarter. The stock hit a high of Rs 1,375 and a low of Rs 1,339.75 so far during the day. The stock had hit a 52-week low of Rs 1,050.85 on 12 February 2016. The stock had hit a record high of Rs 1,944 on 1 June 2015. The stock had outperformed the market over the past one month till 25 May 2016, rising 3.68% compared with 0.79% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 19.32% as against Sensex's 12.64% rise.

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 56.79% stake in Concor (as per the shareholding pattern as on 31 March 2016).

Powered by Capital Market - Live News