The return on equity (ROE) for the stock stood at 4.95 per cent. Traded volume on the counter stood at 11:01AM shares and turnover at Rs 1.02 crore around that time. The stock of Container Corporation of India Ltd. quoted a 52-week high price of Rs 754.1 and 52-week low prices of Rs 351.6, respectively.
The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 0.88.
Promotor/FII Holding
Promoters held 54.8 per cent stake in the company as of 30-Jun-2021, while FIIs held 24.94 per cent and domestic institutional investors had 9.07 per cent.
Key Financials
The company reported consolidated 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. Net profit after tax for the latest quarter stood at Rs 259.23 crore, up 327.7 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
