Thursday, July 17, 2008

Concor speeds up after Q1 results

Container Corporation of India gained 1.6% to Rs 760 at 10:11 IST on BSE on reporting 7.88% growth in net profit to Rs 201.83 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results after trading hours yesterday, 16 July 2008.
The stock hit a high of Rs 760 and a low of Rs 760 so far during the day. The stock had a 52-week high of Rs 1170 on 19 September 2007 and a 52-week low of Rs 730 on 24 June 2008.
The company has an equity capital of Rs 129.98 crore. Face value per share is Rs 10.
The current price of Rs 760 discounts its Q4 March 2008 annualised EPS of Rs 124.93, by a PE multiple of 6.08.
Container Corporation of India known by its acronym Concor reported 6.72% growth in total income to Rs 868.11 crore in Q1 June 2008 over Q1 June 2007.
In February 2008, Concor entered into a joint venture agreement with Allcargo Global Logistics to set up a container freight station and inland container depot in UP.
Concor, a central government public sector undertaking under Ministry of Railways, is primarily engaged in container rail transportation business, inland container depot (ICD) operations, warehousing and road transportation. Concor also provides transit warehousing for Exim (export and import) cargo, bonded warehousing and provides air cargo facilities.

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