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Bank of Baroda, Concor, HDFC Asset Management Company, and 22 others will be in focus today as they will trade ex-date on Friday, June 6, 2025
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Shares of Container Corporation of India (Concor) fell over 4 per cent on Friday after it reported a marginal decline in its net profit
CONCOR has shown impressive growth, surging over 12 percent in the past trading week, while, TVSMOTOR has seen a decent move after a phase of consolidation
The surge was led by names like Titagarh Rail, RVNL, IRFC, and BEML. Titagarh Rail Systems emerged as the top gainer, jumping 10.72 per cent to close at ₹895.85, followed by RVNL, which climbed 10.45
Concor share rose after the company announced that it has awarded an order for manufacture and supply of 30 BLSS (spine car) rakes on turn key basis to Braithwaite & Co.
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Thus far in the calendar year 2025, the Nifty Pharma index has slipped 11 per cent, as against 3.7 per cent fall in Nifty 50.
Container Corporation of India Ltd (Concor) on Thursday posted a 4.51 per cent increase in consolidated net profit to Rs 340.52 crore for the third quarter ended December 2024. The company had reported a consolidated net profit of Rs 325.81 crore a year ago, Concor said in a regulatory filing. During the quarter under review, the consolidated revenue from operations was Rs 2,303.99 crore against Rs 2,302.12 in the year-ago period. Concor said its Board has declared an interim dividend for FY 2024-25 of 85 per cent -- Rs 4.25 per equity share of face value of Rs 5 each, amounting to Rs 258.95 crore.
Concor's consolidated net profit contracted 0.53 per cent to Rs 365.4 crore for three months ending September 30, 2024, from Rs 367.36 crore a year ago
The state-run logistics company's consolidated profit before tax rose to Rs 526 crore ($62.6 million) for three months ending Sept. 30 from Rs 482 crore a year ago
Competitive pressures add to logistics firm's demand woes
Concor had initially launched coastal shipping services in January 2019 but the services were halted in 2020 due to the Covid-19 outbreak
The government has put the privatisation of Container Corporation of India Ltd (Concor) on the backburner, an official said. In November 2019, the Union Cabinet approved the strategic sale of a 30.8 per cent stake, along with management control, in Concor -- a Navratna PSU under the Railways Ministry. The government currently holds 54.80 per cent of Concor. "The government is unlikely to push Concor's strategic sale. There are some concerns from Railways Ministry as also investors," the official said. The official further said that with the government holding in the company at 54.80 per cent, there is little scope for coming out with an offer for sale (OFS) in Concor. Although the Cabinet approval for the Concor sale was accorded in 2019, no worthwhile progress has so far been made, and even an Expression of Interest (EOI) has not been invited for the strategic sale. Shares of Concor closed at Rs 1,043.25 apiece, up 0.35 per cent over the previous close on the BSE.
Stocks to Watch today, July 3, 2024: he latest foreign ownership data, released on Tuesday, July 2, showed FII holding in the private bank falling to 54.83 per cent
At 02:30 PM; the stock of Concor was trading 6.29 per cent lower at Rs 1,103.25. In comparison, the S&P BSE Sensex was up by 0.39 per cent
At 6:51 AM, GIFT Nifty futures showed a rise of 26 points, trading at 22,478 levels, signaling a subdued start for the stock exchanges
Stocks to Watch on November 21, 2023: Concor has partnered with Indraprastha Gas to set up LNG/LCNG infrastructure within its terminals