Container Corporation of India rose 0.32% to Rs 1,463.05 at 9:24 IST on BSE, amid initial volatility after net profit fell 13.9% to Rs 178.48 crore on 5.7% decline in net sales to Rs 1339.22 crore in Q1 June 2016 over Q1 June 2015.
The result was announced after market hours yesterday, 9 August 2016.Meanwhile, the S&P BSE Sensex was down 22.87 points or 0.08% at 28,062.29.
On BSE, so far 6,489 shares were traded in the counter as against average daily volume of 18,648 shares in the past one quarter. The stock was volatile. The stock rose as much as 2.16% at the day's high of Rs 1,490 so far during the day. The stock lost as much as 4% at the day's low of Rs 1,400 so far during the day. The stock had hit a 52-week low of Rs 1,050.85 on 12 February 2016. The stock had hit a 52-week high of Rs 1,689.95 on 11 August 2015. The stock had underperformed the market over the past one month till 9 August 2016, sliding 0.32% compared with 3.53% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 10% as against Sensex's 9.33% rise.
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 June 2016).
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