Higher realisations, market share gains drive Container Corporation stock

The resolution of land licence fee however remains the key trigger

The Container Corporation stock has gained about 6.4 per cent in trade on Thursday on expectations of increased realisations, higher volume growth and lower land licence fee (LLF). What could further sustain the gains and valuations is progress on divestment of the company. The government owns 54.8 per cent in the country’s largest container train operator and is looking at offloading 30 per cent stake and management control.

In a recent report, Jefferies has highlighted that there has been limited volume loss despite the hike in realisations at Tughlakabad inland container depot, the largest dry port in the country.

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