Concor Shares

The meeting is to be chaired by the cabinet secretary

Based on Concor's current market cap of Rs 46,674.9 crore, a 30.8 per cent stake in the company is valued around Rs 14,376 crore

Concor has indicated a double bottomed pattern on the daily chart and seems well placed to rise further, says the technical analyst from Prabhudas Lilladher

Resolution of the LLF issue remains key for valuations and divestment

Most brokerages upgraded the stock on hopes of margin improvement in FY22

State-owned Container Corporation of India (Concor) reported a 409.67 per cent YoY surge in consolidated net profit to Rs 251.22 crore for the first quarter ended June 30

Margins collapse in Q1 due to higher outgo, weak volumes

Rail-related stocks are back in focus after Indian Railway said that India is likely to see its first privately operated train running by April 2023

While valuations are attractive, disruption will keep volumes muted

Pace of DFC roll-out and demand recovery are key triggers

Its total income during the October-December quarter of the current fiscal dipped to Rs 1,610.34 crore, from Rs 1,739.79 crore in the year-ago period.

Trading ideas by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers

Container rail traffic is also losing market share to road segment

This year, we are planning to have around 32 rakes

Earnings expected to be upgraded with a sharp improvement in margin and volume