Concor Stock Price: Concor shares up 2.69% as Nifty gains

NEW DELHI: Shares of Container Corporation of India Ltd. traded 2.69 per cent up in Thursday’s trade at 10:26AM (IST). Around 186,002 shares changed hands on the counter.

The counter opened at Rs 594.5 and touched an intraday high and low of Rs 601.15 and Rs 588.05, respectively, in the session so far. The stock of Container Corporation of India Ltd. quoted a 52-week high of Rs 643.9 and a 52-week low of Rs 316.5.

As per BSE, the total market cap of the Container Corporation of India Ltd. stood at Rs 36508.92 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 1842.11 crore for the quarter ended 31-Dec-2020, up 17.04 per cent from previous quarter’s Rs 1573.97 crore and up 14.39 per cent from the year-ago quarter’s Rs 1610.34 crore.

The net profit for latest quarter stood at Rs 234.27 crore, up 29.51 per cent from the corresponding quarter last year.

Shareholding pattern

As of 31-Dec-2020, domestic institutional investors held 8.33 per cent stake in the firm, while foreign institutional investors held 23.26 per cent and the promoters 54.8 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 46.15 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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