Share price of Container Corporation of India Ltd. jumps as Sensex gains 38.38 points

Share price of Ltd. gained 0.65 per cent to Rs 601.15 at 11:07AM (IST) in Thursday’s trade. The stock hit a high of Rs 605.8 and low of Rs 593.9 so far during the session. The stock had closed at Rs 597.25 in the previous session.

The counter had a total traded volume of 11:07AM shares so far with a turnover of Rs 2.15 crore on BSE. The stock traded at a price-to-earnings multiple of 46.39 and a price-to-book ratio of 2.01.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Promotor/FII Holding

Promoters held 54.8 per cent stake in the company as of 31-Dec-2020, while FIIs and domestic institutional investors ownership stood at 23.26 per cent and 16.53 per cent, respectively.

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 the previous quarter’s Rs 1573.97 crore and up 14.39 per cent from the year-ago quarter’s Rs 1610.34 crore.

Its profit for the latest quarter stood at Rs 234.27 crore, up 29.51 per cent from the same quarter a year ago.

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