Concor Stock Price: Concor shares down 4.1% as Nifty drops

NEW DELHI: Shares of Container Corporation of India Ltd. traded 4.1 per cent down in Monday’s trade at 12:15PM (IST). Around 93,217 shares changed hands on the counter.

The scrip opened at Rs 561.1 and touched an intraday high and low of Rs 575.0 and Rs 551.6, respectively, in the session so far. Shares of the company of Container Corporation of India Ltd. quoted a 52-week high of Rs 643.9 and a 52-week low of Rs 329.75.

As per BSE, the total market cap of the Container Corporation of India Ltd. stood at Rs 34422.08 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 same quarter a year ago.

Shareholding pattern

As of 31-Dec-2020, DIIs held 8.33 per cent stake in the company, 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 43.52 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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