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Improved volumes, margins point to strong FY22 for Concor

Resolution of the LLF issue remains key for valuations and divestment

Concor
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Concor

Ram Prasad Sahu Mumbai
The Container Corporation of India’s (Concor’s) stocks have gained about 9 per cent since the last week of August on the back of a recovery in trade volumes and expectations of market share gains.

The full rollout of the dedicated freight corridor by the end of next year will be another major trigger for the stock as it will bring down costs and expand margins.

Volume growth in the near term will be an important trigger for India’s largest container train operator. Container cargo in TEUs (twenty-foot equivalent units) was up 21 per cent year-on-year (YoY) and 4 per cent month-on-month to