CLOSING BELL: Shree Cement, BPCL, Tech M, Axis Bank, M&M, ICICI Bank, Ultratech Cement, Bharti Airtel, Bajaj Finserv, and SBI gained in the range of 2 per cent to 5 per cent
Move likely to pave way for Concor's strategic sale
Tuhin Pandey says LIC investors should be patient and look at the insurer's long-term prospects
Concor's Aggressive capex rollout unlikely, given past record and divestment uncertainty
The cement maker plans to serve its key markets of Chennai, South West Tamil Nadu and Kerala from its Kadapa plant in Andhra Pradesh through this initiative
The company had clocked a net profit of Rs 225.66 crore in the corresponding quarter a year ago
Replying to supplementaries during the Question Hour, Railways Minister Ashwini Vaishnaw said the process of CONCOR disinvestment started during the Congress regime in 1994-95
For Concor, the post privatisation rail land usage policy is yet to be finalised by the Ministry of Railways and hence the EoI could not be issued.
Resolution of the LLF issue remains key for valuations and divestment
Concor has been trading with a corrective bias for the last two months, after making a new record high at Rs 748 levels in June 2021
Most brokerages upgraded the stock on hopes of margin improvement in FY22
State-owned Container Corporation of India Ltd (Concor) on Thursday reported 409.67 per cent surge in consolidated net profit to Rs 251.22 crore for the first quarter ended June 30.
Grasim Industries, India Cements, JK Paper, Mahanagar Gas and Barbeque-Nation Hospitality are among 33 companies slated to post their quarterly numbers today
The centre's plan to privatise CONCOR was stuck due to the non-clearance of the Land Licensing Fee (LLF) policy
The Container Corporation of India on Friday said it will meet its annual need for around 8,000 containers from domestic manufacturers and no longer depend on China for its requirement. Commerce and Industry Minister Piyush Goyal on Friday called on the industry to "seriously explore" the possibility of containers being manufactured in India "given its chronic shortage for exports". The Container Corporation of India (Concor), which spends about Rs 200 crore annually on procurement of containers, has already given a developmental order for 1,000 containers each to public sector undertakings Bharat Heavy Electricals (BHEL) and Braithwaite & Co. Concor will soon issue tenders for the remaining 6,000 containers wherein only domestic firms will be able to participate under certain government rules. "As of now, all containers are imported because there is no manufacturing capability in India. We want to push India as a manufacturing hub for containers. "Our requirement is 8,000 ...
Railway ministry denies charge, says divestment planned for next year
Reducing promoter pledge further can help drive stock gains
Large land holdings with public sector companies can scare off potential investors, who have to deal not only with issues about pricing of the land, but also about ownership rights
Demand recovery, progress on privatisation are the other triggers
Margins collapse in Q1 due to higher outgo, weak volumes