Shares of Concor fall as Nifty gains

Shares of Concor fall as Nifty gains
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Synopsis

On the technical charts, the 200-day moving average of the stock stood at Rs 541.21.

Reuters
On an immediate basis, 15,770/52,500 and 15,850/52,700 levels would be major hurdles.
Shares of Container Corporation of India Ltd. slipped 0.31 per cent to Rs 668.8 in Tuesday's trade as of 11:06AM (IST). It hit a high of Rs 678.9 and low of Rs 667.95 during the session.

The stock quoted a 52-week high price of Rs 748.2 and a low of Rs 351.6. The return on equity for the stock stood at 4.95 per cent. About 35,980 shares have changed hands on the counter so far.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.88.

Did you Know?

Stock score of Container Corporation of India Ltd moved up by 2 in a week on a 10-point scale.

View Latest Stock Report »

The scrip has been an outperformer, up 73.11 per cent in the past one year in comparison with a 43.97 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 351.6 on August 10, while the 50-DMA was at Rs 683.38. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding
Promoters held 54.8 per cent stake in Container Corporation of India Ltd. as of 30-Jun-2021. Mutual funds and foreign institutional investors held 9.07 per cent and 24.94 per cent stake.

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