According to Nomura, the improving rail market share and reversal of GST tax differential are the key upside risks.
Shares of Container Corporation of India (CONCOR) shed 2 percent intraday Wednesday as research house Nomura has maintained neutral call on the stock with a target of Rs 711 per share.
The research firm has adjusted the target price with the stock split ration of 1:1.
According to Nomura, the improving rail market share and reversal of GST tax differential are the key upside risks.
The research house has not change revenue/margin/net profit estimates
The company has split its equity share in one equity share of Rs 10 each into 2 equity shares of face value of Rs 5 each.
The share touched its 52-week high Rs 750 and 52-week low Rs 540 on 22 January, 2018 and 31 July, 2017, respectively.
Currently, it is trading 17.61 percent below its 52-week high and 14.44 percent above its 52-week low.
At 10:58 hrs Container Corporation of India was quoting at Rs 615.95, down Rs 10, or 1.60 percent on the BSE.
Posted by Rakesh Patil