Espresso Shot of the Day - Container Corporation Of India Ltd up by 6.94 percent

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Espresso Shot of the Day - Container Corporation Of India Ltd up by 6.94 percent

October 19, 2022
Espresso Shot of the Day - Container Corporation Of India Ltd up by 6.94 percent

CONTAINER CORPORATION OF INDIA LTD 771.15 (+6.94%) BSE – INE111A01025| 19th October 2022

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Container Corporation of India Ltd. (CONCOR), a Blue-chip Miniratna PSU is the leader in the field of Containerized Multimodal Logistics Services in India. The company plays a major role in developing multimodal transport and logistics infrastructure to support India’s growing domestic and international trade. CONCOR also provides facilities for cargo storage, customs clearance and other value-added services like bonded warehousing, bonded trucking, LCL consolidation etc., through a vast network of container terminals. Container Corporation of India (CONCOR) operates 59 terminals across the country along with two strategic tie-ups. The company's primary operation is to provide an inland transportation of containers from ports using rail wagons.


Recent Drivers

  • On October 19th, 2022, Container Corporation of India (CONCOR) said that it’s total throughput increased by 16.63% to 11,43,895 twenty-foot equivalent units (TEUs) in Q2 FY23 from 9,80,757 TEUs in Q2 FY22. While the export-import (EXIM) throughput jumped 18.24% year-on-year to 9,36,950 TEUs in quarter ended 30 September 2022. Domestic (DOM) throughput improved by 9.88% to 2,06,945 TEUs in Q2 FY23 over Q2 FY22.
  • The Department of Investment and Public Asset Management (DIPAM) has started a pre-expression of interest (EoI) roadshow of potential bidders as on October 16th 2022 , in order to measure investors' interest in the divestiture process of Container Corporation of India, according to an Exchange filing.
  • Container Corporation of India has received reaffirmation in credit ratings for its long term and short term loan from ICRA on September 10,2022.
  • The Board of Concor Ltd has declared an Interim Dividend on August 4th 2022, for FY 2022-23 of 40% i.e. Rs.2 per equity share of face value of Rs.5/- each amounting to Rs.121.86 crores. The record date for the purpose of payment of Interim Dividend has been fixed as 18.08.2022.
  • The company reported a quarterly net profit of Rs. 291.31 crores in June 2022, up 14.3% from Rs. 254.87 crores in June 2021 on August 5,2022.
  • Company reported net sales of Rs.1,978.30 crores in June 2022, up 9.45% from Rs.1,807.54 crores in June 2021 on August 5,2022.


(Sources: BSE, Money control, Business Standard)


Technical Force*

  • S&P BSE 200 month till date gain by 1.73%.
  • 3 months avg. NSE volume: 2,019,985.
  • Quantity traded: 1,39,535| Deliverable quantity: 51,685 (37.04%).
  • Stock price jumped by more than 30 % from a one-year low level: 554.10 (May 20, 2022)
  • Daily RSI (14) is near oversold territory today.
  • 52-week-high: 781.95| 52-week-low: 554.10.


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1133.73

943.92

779.18

589.37

424.63

234.82

70.08

-

Fibonacci Pivot

943.92

808.48

724.80

670.91

589.37

507.82

453.93

370.25

234.82


Today’s Close

771.15

SMA

BSE

10 DAY

709.28

20 DAY

709.65

50 DAY

710.39

200 DAY

655.99


Some Key Ratios (Source: BSE)

Market Cap:  46,985.73 Crores

PE:  42.76

OPM%: 27.06

ROE%:  10.20

Promoters holding%: 54.80

Prev. Close:  721.10


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The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services Pvt. Ltd bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Pvt. Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.