Container Corporation of India Ltd. shares fall 1.73 per cent in Monday’s trading session

Shares of Ltd. fell 1.73 per cent to Rs 586.75 in Monday’s trade as of 10:52AM (IST) even as the benchmark Nifty ruled at 14538.55, down 328.8 points.

The scrip had closed at Rs 597.1 in the previous session. The stock quoted a 52-week low of Rs 302.05 and a high of Rs 643.9. The company quoted a market-cap of Rs 35692.46 crore on the BSE.

On BSE, 64,709 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 45.12 times its trailing 12-month EPS of Rs 12.98 per share and 2.01 times its book value. The return on equity (ROE) stood at Rs 4.02.

Key Financials

For the quarter ended 31-Dec-2020, Container Corporation of India Ltd. reported consolidated sales of Rs 1842.11 crore, up 14.39 per cent from the same quarter a year ago. The company reported 29.51 per cent YoY growth in net profit at Rs 234.27 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Monday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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