Container Corporation of India declined 3.80% to Rs 670 at 9:56 IST on BSE, despite net profit surging 28.48% to Rs 223.68 crore in Q2 September 2008 over Q2 September 2007.
The stock hit a high of Rs 695 so far during the day. The stock hit a low of Rs 670 so far during the day, which is a 52-week low for the counter. The stock has a 52-week high of Rs 1100 on 29 October 2007.
The stock had tumbled ahead of the results in a weak market. From a recent high of Rs 836.95 on 6 October 2008, the stock declined 16.78% to Rs 696.50 on 15 October 2008.
The company’s current equity is Rs 129.98 crore. Face value per share is Rs 10.
The current price of Rs 670 discounts the company’s Q1 June 2008 annualized EPS of Rs 62.11, by a PE multiple of 10.79.
Container Corporation of India (Concor)’s total income rose 11.23% to Rs 951.37 crore in Q2 September 2008 over Q2 September 2007.
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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