Container Corporation of India Ltd up by 8.20 percent | Espresso

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Espresso shot of the day – Container Corporation of India Ltd up by 8.20 percent

May 24, 2021
Espresso shot of the day – Container Corporation of India Ltd up by 8.20 percent

CONTAINER CORPORATION OF INDIA LTD 634.55 (+8.20 %) BSE – INE111A01025 | 24TH MAY 2021

Container Corporation of India Limited (CONCOR), was incorporated in March 1988 under the Companies Act, and commenced operation from November 1989 taking over the existing network of 7 ICDs from the Indian Railways. From its humble beginning, it is now an undisputed market leader having the largest network of 61 ICDs/CFSs in India (58 terminals and 3 strategic tie-ups). In addition to providing inland transport by rail for containers, it has also expanded to cover management of Ports, air cargo complexes and establishing cold-chain. It has and will continue to play the role of promoting containerisation in India by virtue of its modern rail wagon fleet, customer friendly commercial practices and extensively used Information Technology. The company developed multimodal logistics support for India's International and Domestic containerisation and trade. However, rail is the main stay of their transportation plan, road services and also provided to cater to the need of door-to-door services, whether in the International or Domestic business. CONCOR is committed to providing responsive, cost effective, efficient and reliable logistics solution to its customers. It strives to be the first choice for its customers. CONCOR is a customer focused, performance driven, result oriented organisation, focused on providing value for money to its customers.

Recent Drivers

  • On May 21, 2021, The Board of Container Corporation of India Limited at its meeting has accorded its in-principle approval for exploring the possibility of borrowing an amount not exceeding Rs 3,500 crores by the Company from any bank(s)/ corporate(s) and institution(s) towards executing long-term lease agreement(s) for Railway Land(s).
  • On May 21, 2021, The Board of Container Corporation of India Limited at its meeting considered and approved the Scheme of Arrangement for Amalgamation of wholly owned unlisted subsidiary namely, CONCOR Air (Transferor Company) with Container Corporation of India Limited(Transferee Company).
  • On May 21, 2021, has declared a Final Dividend of Rs 2/- per equity share of face value of Rs 5/- each for the year 2020-21. This Final Dividend above is in addition to Interim Dividend @60% (i.e. Rs 3/- per share of Rs 5/- each) already paid during the year. The dividend declared is subject to approval of the shareholders in the ensuing Annual General Meeting.
  • On May 21, 2021, Container Corporation of India Limited reported net profit at Rs 16.18 crores.
  • On May 21, 2021, Container Corporation of India Limited reported total income at Rs 2,012.47 crores.
  • On May 18, 2021, CONCOR extends 50% rebate in empty box movements until March.
  • Container Corporation of India announced that Ministry of Railways vide its order dated May 11 2021 has appointed Rajesh Argal as Part-Time Government Director on the Board of CONCOR with immediate effect until he holds the post of Additional Member (Planning), Railway Board or further orders, whichever is earlier.


 (Sources: Moneycontrol, Business Standard, The Hindu Business Line)

Technical Force*

  • S&P BSE 100 month till date gain up by 0.24%
  • Traded on new 52 week high value 644.95
  • Spurt in volume by more than 6.03 times compare to previous 3 months avg. volume: 1,77,360
  • Quantity traded: 11,07,656 | Deliverable quantity: 1,36,920 (12.36 %)
  • Stock price has jumped more than 85 % from one year low level: 339.60 | May 27, 2020
  • Daily RSI (14) is near Overbought territory today
  • 52-week-high: 644.95 | 52-week-low: 339.60

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

918.35

760.15

579.60

421.40

240.85

82.65

-

-

Fibonacci Pivot

760.15

630.75

550.80

499.31

421.40

343.49

292.00

212.05

82.65


Today’s Close

634.55

SMA

BSE

10 DAY

595.11

20 DAY

582.07

50 DAY

574.91

200 DAY

459.76

Some Key Ratios (Source: BSE)

Market Cap: 38,662.77 crores

PE: 76.81

OPM%: 8.78

ROE%: 4.93

Promoters holding%: 54.80

Prev. Close: 586.45

*Chart And Technical Force data taken from the Binge desktop app.

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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.