Concor shares gain 0.93% as Sensex falls

Shares of Container Corporation of India Ltd. traded 0.93 per cent higher in Wednesday's session at 01:30PM (IST). The stock opened at Rs 705.0 and has touched an intraday high and low of Rs 710.5 and Rs 694.05, respectively, during the session so far.

The stock quoted a 52-week high of Rs 754.1 and a 52-week low of 364.7. About 55,058 shares changed hands on the counter so far.

Benchmark Nifty50 was down 63.3 points at 17980.95, while the BSE Sensex traded 206.73 points lower at 60226.72 at the time of writing of this report.

In the Nifty pack, 19 stocks traded the day in the green, while 29 were in the red.


Key Financials
For the quarter ended 30-Sep-2021, the company reported consolidated sales of Rs 1900.28 crore, up 1.26 per cent from the previous quarter's Rs 1876.69 crore and up 20.73 per cent from the year-ago quarter. The company reported net profit of Rs 253.72 crore for the latest quarter.

Promoter Holdings
Promoters held 54.8 per cent stake in the company as of 30-Sep-2021, while FIIs held 25.53 per cent and MFs 10.33 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 629.35 on November 10, while the 50-DMA was at Rs 697.61. If a stock trades 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 as bearish trend and if trades between these averages, then it suggests the stock can go either way.