Concor drops after reporting Q2 financials

Container Corporation of India lost 1.86% to Rs 1,355.95 at 9:39 IST on BSE after the company reported Q2 September 2017 results after market hours yesterday, 31 October 2017.

Meanwhile, the S&P BSE Sensex was up 291.58 points or 0.88% at 33,504.71.

On the BSE, 9,235 shares were traded on the counter so far as against average daily volumes of 9,637 shares in the past two weeks. The stock had hit a high of Rs 1,399.55 and a low of Rs 1,328.60 so far during the day.

Container Corporation of India's (Concor) net profit rose 41.24% to Rs 222.94 crore on 6.19% growth in total income to Rs 1525.54 crore in Q2 September 2017 over Q2 September 2016.

 

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.

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