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Concor drops after bulk deal

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Capital Market Mumbai
Last Updated : Apr 24 2013 | 1:41 PM IST

Meanwhile, the BSE Sensex was up 43.45 points or 0.22% at 19,391.57.

On BSE, 4.03 lakh shares were traded in the counter as against average daily volume of 8,717 shares in the past one quarter.

The stock hit a high of Rs 925.10 and a low of Rs 910 so far during the day. The stock had hit a 52-week high of Rs 1,097 on 23 October 2012. The stock had hit a 52-week low of Rs 805 on 30 December 2011.

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The stock had underperformed the market over the past one month till 4 December 2012, sliding 9.15% compared with the Sensex's 3.16% rise. The scrip had also underperformed the market in past one quarter, declining 0.23% as against Sensex's 10.94% surge.

Container Corporation of India which is known by its acronym Concor has equity capital of Rs 129.98 crore. Face value per share is Rs 10.

Concor's net profit rose 32.5% to Rs 232.48 crore on 6.1% growth in net sales to Rs 1054.86 crore in Q2 September 2012 over Q2 September 2011.

Concor was incorporated in March 1988 under the Companies Act, and commenced operation from November 1989 taking over the existing network of 7 Inland Container Depot (ICDs) from the Indian Railways. The company is today an undisputed market leader having the largest network of 61 ICDs/container freight stations in India. In addition to providing inland transport by rail for containers, Concor has also expanded to cover management of ports, air cargo complexes and establishing cold-chain.

The Government of India (GoI) owns 63.08% stake in Container Corporation of India (as per the shareholding pattern as on 30 September 2012).

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First Published: Dec 05 2012 | 11:32 PM IST

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