Concor shares down 0.24% as Nifty drops

NEW DELHI: Shares of Container Corporation of India Ltd. traded 0.24 per cent down in Monday's trade at 12:17PM (IST). Around 8,948 shares changed hands on the counter.

The stock opened at Rs 674.0 and touched an intraday high and low of Rs 676.0 and Rs 662.5, respectively, in the session so far. Shares of the company of Container Corporation of India Ltd. quoted a 52-week high of Rs 754.1 and a 52-week low of Rs 542.0.

As per BSE, the total market cap of the Container Corporation of India Ltd. stood at Rs 41063.39 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 corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2021, domestic institutional investors held 11.41 per cent stake in the company, 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 price-to-earnings multiple of 49.88 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.