Container Corporation inches up on eying eight CFSs on India’s east coast

05 Feb 2015

Container Corporation of India is currently trading at Rs. 1396.05, up by 0.30 points or 0.02% from its previous closing of Rs. 1395.75 on the BSE.

The scrip opened at Rs. 1390.00 and has touched a high and low of Rs. 1400.00 and Rs. 1380.05 respectively. So far 452 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1539.00 on 26-Nov-2014 and a 52 week low of Rs. 700.20 on 14-Feb-2014.

Last one week high and low of the scrip stood at Rs. 1430.00 and Rs. 1371.45 respectively. The current market cap of the company is Rs. 27225.22 crore.

The promoters holding in the company stood at 61.80% while Institutions and Non-Institutions held 32.80% and 5.40% respectively.

Container Corporation of India (CONCOR) is eying to set up eight container freight stations (CFSs) on India’s east coast. Of the eight new CFSs, four would come up in Odisha, three in Andhra Pradesh and one in Tamil Nadu.

The state-owned logistics services firm, which specializes in containerized cargo, is planning to expand its network of rail terminals, freight stations and container depots across the country. The new CFSs, involving at least Rs 1,000 crore of investment, are expected to ease congestion and improve turnaround time at seaports, helping exports and imports.

Container Corporation of India was established in 1988 and works mainly in three verticals -- cargo terminal, terminal operator and warehouse operator.


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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323