Container Corporation of India fell 1.98% to Rs 1,279.30 at 12:28 IST on BSE, after net profit dropped 31.87% to Rs 157.84 crore on 8.2% decline in net sales to Rs 1378.61 crore in Q2 September 2016 over Q2 September 2015.
The result was announced after market hours yesterday, 15 November 2016.Meanwhile, the S&P BSE Sensex was up 237.88 points or 0.9% at 26,542.51
On BSE, so far 88,000 shares were traded in the counter as against average daily volume of 14,747 shares in the past one quarter. The stock hit a high of Rs 1,300 and a low of Rs 1,268 so far during the day. The stock had hit a 52-week high of Rs 1,544 on 3 August 2016. The stock had hit a 52-week low of Rs 1,050.85 on 12 February 2016. The stock had outperformed the market over the past 30 days till 15 November 2016, falling 1.41% compared with 4.45% fall in the Sensex. The scrip had, however, underperformed the market in past one quarter, declining 7.46% as against Sensex's 6.07% decline.
The large-cap company has equity capital of Rs 194.97 crore. Face value per share is Rs 10.
Container Corporation of India (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. The Government of India (GoI) holds 56.79% stake in Concor (as per the shareholding pattern as on 30 September 2016).
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