Share price of Concor jumps as Sensex gains 110.42 points

Share price of Concor jumps as Sensex gains 110.42 points
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Synopsis

A total of 8,829 shares changed hands on the counter till 11:42AM (IST)

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RSI has turned north from the 60 level, confirming bullishness.
Share price of Container Corporation of India Ltd. gained 0.49 per cent to Rs 630.65 at 11:42AM (IST) in Wednesday's trade. The counter hit a high of Rs 636.9 and low of Rs 627.2 so far during the session. The stock had closed at Rs 627.6 in the previous session.

The counter had a total traded volume of 11:42AM shares so far with a turnover of Rs 0.56 crore on BSE. The stock traded at a price-to-earnings multiple of 49.7 and a price-to-book ratio of 3.57.

A higher P/E 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 30-Sep-2021, while FIIs and domestic institutional investors ownership stood at 25.53 per cent and 15.51 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 1900.28 crore for the quarter ended 30-Sep-2021, 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's Rs 1573.97 crore.

Its profit for the latest quarter stood at Rs 253.72 crore, up 37.43 per cent from the same quarter a year ago.

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