Lack of clarity on new policy likely to cap further upside for Concor

The positive for the stock is that the new policy lifts the LLF overhang, clearing the way for divestment

The stock of Container Corporation of India (Concor) added to its gains on Thursday, rising 9.4 per cent in the last two trading sessions. While the positive for the stock is progress on the divestment front, given announcement of a new policy, brokerages have taken a ‘neutral’ to ‘negative’ view due to the lack of clarity related to leasing of railway land for Gati Shakti terminals.

Kotak Institutional Equities says that the emerging details of the revised land licence policy are negative versus its expectations. Aditya Mongia and Teena Virmani of the brokerage say that the company may have more