Share price of Concor falls as Sensex drops 170.66 points

Share price of Concor falls as Sensex drops 170.66 points
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Synopsis

A total of 11,698 shares changed hands on the counter till 12:48PM (IST)

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
Share price of Container Corporation of India Ltd. dropped 1.24 per cent to Rs 652.4 at 12:48PM (IST) in Friday's trade. The counter hit a high of Rs 661.6 and low of Rs 648.25 so far during the session. The stock had closed at Rs 660.6 in the previous session.

The counter had a total traded volume of 12:48PM shares so far with a turnover of Rs 0.77 crore on BSE. The stock traded at a price-to-earnings multiple of 48.21 and a price-to-book ratio of 3.57.

A higher price-to-earnings 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 31-Dec-2021, while FIIs and domestic institutional investors ownership stood at 24.85 per cent and 15.59 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 1994.18 crore for the quarter ended 31-Dec-2021, up 4.94 per cent from the previous quarter's Rs 1900.28 crore and up 8.26 per cent from the year-ago quarter's Rs 1842.11 crore.

Its profit for the latest quarter stood at Rs 284.61 crore, up 21.49 per cent from the same quarter a year ago.

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