Q1 show, lower licence fee, work on Western Corridor drive gains in Concor

Most brokerages upgraded the stock on hopes of margin improvement in FY22

The stock of the largest container train operator, Container Corporation of India is up over 11 per cent in the last few trading sessions. The gains are on expectations of lower land licence fee (LLF), progress on the Western Dedicated Freight Corridor (WDFC) and margin gains on improving product mix/volumes. Most brokerages upgraded the earnings estimates for FY22 by over 3 per cent to reflect the improvement in margin profile.

Its June quarter revenues which were up 52 per cent YoY came in better than expectations on the back of higher volumes and realisations. Segment margins for domestic and exports