Container Corporation Of India - Misses Estimates; Downside Likely To Be Limited: ICICI Securities

Motilal Oswal is bullish on Container Corporation recommended buy rating on the stock with a target price of Rs 710 in its research report dated May 19, 2023.

Buy Container Corporation; target of Rs 710: Motilal Oswal

Privatisation of Container Corporation (ConCor), hanging fire since 2019, is unlikely to materialise even in the current financial year, as land-related issues are yet to be sorted out by the railways.

ConCor privatisation plan off track for now | The Financial Express

Concor’s Q4 profit after tax (PAT) came in at Rs 278.5 crore, with operations revenue of Rs 2,166 crore

Container Corporation of India announces FY23 dividend of Rs 2 per share

PESB will interview and recommend a candidate to replace incumbent chairman Shrikant Madhav Vaidya who superannuates on attaining 60 years of age on August 31 this year. Those shortlisted for the interview include five executive directors of IOC, Container Corporation of India Ltd (Concor) director …

CPCL MD Arvind Kumar among 10 in race for IOC top job

The brokerage has also set the target price on the company at Rs 720, implying an upside of 20%

Container Corporation Shares Gain As Goldman Sachs Upgrades Rating To ‘Buy’

Key additions to the portfolio included Gujarat Fluorochemicals, GAIL (India) and State Bank of India. Their major reductions were HDFCBank, Navin Fluoro International and Container Corporation.

Ahead of Q4 results, Infosys, RIL, HDFC were top additions by mutual funds

ICICI Direct recommended hold rating on Container Corporation of India with a target price of Rs 700 in its research report dated January 29, 2023.

Hold Container Corporation of India; target of Rs 700: ICICI Direct

Based on the OI percentage, a short build-up was seen in 54 stocks on January 24, including Container Corporation of India, ONGC, Indus Towers, SBI Card, and Deepak Nitrite.

Trade setup for today: Top 15 things to know before the opening bell

Container Corporation of India’s (CONCOR) consolidated net profit rose 3.4% to Rs 294.20 crore on 3.4% increase in revenue from operations to Rs 2,004.46 crore in Q3 FY23 over Q3 FY22.

CONCOR reports PAT of Rs 294 cr in Q3 FY23

Container Corporation Of India consolidated net profit rises 3.37% in the December 2022 quarter

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Container Corporation of India Limited is engaged in transportation of containers and handling of containers. The Company is also engaged in the operation of logistics facilities, container freight stations and private freight terminals. 