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    Concor shares rise 2.1 per cent in Wednesday's trading session

    Synopsis

    The Relative Strength Index of the stock stood at 52.6 on Wednesday.

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    India 10-year bond yield jumped 0.38 per cent to 6.03 after trading in 6.01 - 6.04 range.
    Shares of Container Corporation of India Ltd. rose 2.1 per cent to Rs 679.15 in Wednesday's trade as of 10:15AM (IST) even as the benchmark Nifty ruled at 16693.95, up 79.35 points.

    The scrip had closed at Rs 665.2 in the previous session. The stock quoted a 52-week low of Rs 351.6 and a high of Rs 748.2. The company quoted a market-cap of Rs 41261.41 crore on the BSE.

    On BSE, 9,061 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 58.63 times its trailing 12-month EPS of Rs 11.55 per share and 2.01 times its book value. The return on equity (ROE) stood at Rs 4.95.

    Did you Know?

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

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    Key Financials
    For the quarter ended 30-Jun-2021, Container Corporation of India Ltd. reported consolidated sales of Rs 1876.69 crore, down 49.96 per cent from the same quarter a year ago. The company reported 327.7 per cent YoY growth in net profit at Rs 259.23 crore for the latest quarter.

    Technical indicators
    The relative strength index (RSI) of the stock stood at Wednesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

    Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
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