Concor Share Price: Concor shares up 2.92% as Nifty gains

NEW DELHI: Shares of Container Corporation of India Ltd. traded 2.92 per cent up in Thursday’s trade at 10:29AM (IST). Around 29,320 shares changed hands on the counter.

The counter opened at Rs 647.85 and touched an intraday high and low of Rs 664.5 and Rs 646.4, respectively, in the session so far. Shares of the company of Container Corporation of India Ltd. quoted a 52-week high of Rs 748.2 and a 52-week low of Rs 351.6.

Total market cap of the Container Corporation of India Ltd. stood at Rs 40441.91 crore at the time of writing this report.


Key Financials

The company reported consolidated net sales of Rs 1876.69 crore for the quarter ended 30-Jun-2021, down 7.55 per cent from previous quarter’s Rs 2029.91 crore and down 49.96 per cent from the year-ago quarter’s Rs 1251.5 crore.

The net profit for latest quarter stood at Rs 259.23 crore, up 327.7 per cent from the same quarter a year ago.

Shareholding pattern

As of 30-Jun-2021, DIIs held 9.07 per cent stake in the company, while foreign institutional investors held 24.94 per cent and the promoters 54.8 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 57.47 and a price-to-book ratio of 2.01. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Container Corporation of India Ltd. belongs to the Warehousing/Supply Chain/Road Transport industry.

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