Concor shares up 0.62% as Nifty drops

Concor shares up 0.62% as Nifty drops
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Synopsis

A total of 16,572 shares changed hands on the counter till 11:57AM (IST).

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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.
NEW DELHI: Shares of Container Corporation of India Ltd. traded 0.62 per cent up in Wednesday's trade at 11:57AM (IST). Around 16,572 shares changed hands on the counter.

The stock opened at Rs 595.0 and touched an intraday high and low of Rs 607.2 and Rs 591.5, respectively, in the session so far. The stock of Container Corporation of India Ltd. quoted a 52-week high of Rs 754.1 and a 52-week low of Rs 528.05.

Total market cap of the Container Corporation of India Ltd. stood at Rs 36496.73 crore at the time of writing this report.

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

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

Shareholding pattern
As of 31-Dec-2021, domestic institutional investors held 11.41 per cent stake in the firm, while foreign institutional investors held 24.85 per cent and the promoters 54.8 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 44.34 and a price-to-book ratio of 3.57. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.

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