Concor gains after good Q3 result

Container Corporation of India rose 2.46% to Rs 1,449 at 09:29 IST on BSE after net profit rose 20.6% to Rs 301.08 crore on 15.7% rise in total income to Rs 1537.01 crore in Q3 December 2014 over Q3 December 2013.

The result was announced after market hours yesterday, 11 February 2015.

Meanwhile, the BSE Sensex was up 41.49 points, or 0.15%, to 28,578.62

On BSE, so far 2,872 shares were traded in the counter, compared with an average volume of 19,599 shares in the past one quarter.

The stock hit a high of Rs 1,462 and a low of Rs 1,441.05 so far during the day. The stock hit a record high of Rs 1,539 on 26 November 2014. The stock hit a 52-week low of Rs 700.20 on 14 February 2014.

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) said that the Board of Directors of the company at its meeting held yesterday, 11 February 2015, declared an interim dividend of Rs 8 per share. The company has fixed 25 February 2015 as the Record Date for the purpose of payment of interim dividend, Concor said.

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 61.80% stake in Concor (as per the shareholding pattern as on 31 December 2014).

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