Concor jumps after reporting decent Q4 numbers

Container Corporation of India advanced 4.49% to Rs 1,210.10 at 12:16 IST on BSE after net profit rose 9.6% to Rs 335.71 crore on 2.3% decrease in net sales to Rs 1,557.89 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 25 May 2017.

Meanwhile, the S&P BSE Sensex was up 211.29 points, or 0.69% at 30,961.32.

On the BSE, 31,000 shares were traded on the counter so far as against the average daily volumes of 64,763 shares in the past one quarter. The stock had hit a high of Rs 1,216.25 and a low of Rs 1,179 so far during the day.

The stock had hit a 52-week high of Rs 1,250.45 on 23 May 2017 and a 52-week low of Rs 844 on 21 December 2016. The stock had underperformed the market over the past one month till 25 May 2017, declining 4.66% compared with the Sensex's 2.69% rise. The scrip had, however, outperformed the market over the past one quarter advancing 21.76% as against the Sensex's 6.43% rise.

The large-cap company has equity capital of Rs 243.72 crore. Face value per share is Rs 10.

Container Corporation of India (Concor)'s board recommended a final dividend of Rs7.50 per equity share for the year ended March 2017.

Concor provides logistics solutions. 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 54.8% stake in Concor (as per the shareholding pattern as on 31 March 2017).

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