Container Corporation of India, incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 40249.98 Crore) operating in Logistics sector.

The firm reported an earnings before interest, taxes, depreciation and amortization (EBIDTA) of Rs 426.4 crore in Q3 FY23, which was 14.1 percent higher than Rs 373.8 crore clocked in the corresponding period of the previous year.

Apart from releasing the quarterly results, CONCOR informed the stock exchanges that its board has given the nod for a third interim dividend for FY23, amounting to Rs 243.72 crore

Maruti Suzuki India, Pidilite Industries, SBI Cards and Payment Services, United Spirits, Macrotech Developers, CG Power and Industrial Solutions Ltd. Indus Towers, TVS Motor Company, HDFC Asset Management Company, Colgate-Palmolive (India), UCO Bank Supreme Industries, Sona BLW Precision Forgings, Motilal Oswal Financial Services, Easy Trip Planners, PNB Housing Finance, and other domestic companies are set to declare the earnings

A key positive would be a much-needed increase in FDI limits for PSU banks from the current 20%, which will help set the stage for potentially mobilising a large divestment pool, while also being aligned with intended reforms in the sector.

Jefferies said Mundra's market share gain success story should be replicated across the acquired ports. "Adani Ports is continuing to move from strength to strength, with market share moving up to 22% from 14% in FY15 and expected to be 31% by FY25E. As core port EBITDA growth remains upward of double digits, backed by volumes, we remain positive on the stock.

The government has been unable to proceed with the strategic disinvestment of Bharat Petroleum Corp, Container Corporation of India, and Shipping Corporation of India due to regulatory challenges and adverse market conditions.

While IDBI Bank is in the process of divestment, with the government having already invited bids for strategic sale, the completion of the same in the current fiscal year remains doubtful.

Stocks from the Railways, infrastructure, defence, divestment and renewables segments would be in focus.

The government may revive the proposal to sell stakes in more PSU banks in the next year’s Budget along with the divestment of BPCL which got stalled in the current fiscal

Promoters held 54.8 per cent stake in the company as of 30-Jun-2022, while FIIs owned 23.65 per cent, DIIs 16.81 per cent.

“The economy as a whole is firing on all cylinders and balance sheets have got cleaned up. That is rubbing off on the numbers of banks. When it comes to IT, margins have bottomed out and there could be some volume slowdown as we move into FY23. But valuations also have come off. So, anywhere between 1-1.5 PEG for IT as a whole would be a case for decent investment in IT stocks.”

An upmove in these stocks is largely due to tactical buying ahead of the upcoming Union Budget. Additionally, decent growth visibility because of a likely increase in railway capital expenditure has also propped up sentiment for the sector.

The brokerage firm remains selective amid the volatile global economic environment. Global demand recovery and China opening are key, whereas domestic demand is steady. It prefers Hindalco, Tata Steel, JSW Steel and JSPL.

The volatility index, India VIX, has slipped to 13.4 indicating choppiness is gradually subsiding and thus providing comfort to the bulls. Chart patterns suggest the 13-exponential moving average zone of 18,200-18,250 will be a strong support.

“Zomato, Policy Bazaar or fintech companies or Nykaa, all these companies have an underlying exposure to a sector which is a real economy sector. So those problems exist and they were running ahead in terms of the valuation. Plus, there is a selling pressure that we are seeing globally as well on the new age tech companies.”

ICICI Direct is bullish on Container Corporation of India recommended buy rating on the stock with a target price of Rs 890 in its research report dated November 13, 2022.

Vedanta has fixed November 30 as the record date to determine shareholders eligibility for the dividend. So far in FY23, the company has declared a total dividend of Rs 51 per share, in two interim dividends of Rs 19.5 and Rs 31.5 per share. Earlier in FY22, the miner announced Rs 45 per share dividend. At the current price, this amounts to a dividend yield of 14.55%. Since 2001, the company has announced a total of 36 dividends, Trendlyne data showed.

The CONCOR disinvestment should involve breaking it into at least two, and provide opportunities for more than one player to acquire stake in the company

The S&P BSE Sensex and Nifty50 recouped losses on Wednesday to settle with mild gains.

Container Corporation of India Ltd. key Products/Revenue Segments include Freight, Other Services, Other Operating Revenue for the year ending 31-Mar-2022.

LIC, M&M, Hindalco, Adani Power, ABB, Info Edge, Zydus Lifesciences, Astral, Alkem Industries, Vedant Fashions, Thermax, Delhivery, BHEL and ZEEL are among the companies that will announce their results for September 2022 quarter today.

Asian share markets were tense on Thursday and the dollar held on to its overnight gains before the big test of a US consumer inflation report, while market sentiment took a dive as the likely collapse of a major crypto exchange spooked investors. MSCI's index of Asia-Pacific shares outside Japan was trading 0.97% lower

Adani Green, Eicher Motors, Apollo Hospitals, Page Industries, Zomato, Trent, Jindal Steel , Indian Hotels, ConCor, Samvardhana Motherson and NHPC are among the companies that will announce their results for September 2022 quarter today.

The infra-realty theme offers an upside while mitigating challenges faced by standalone realty and infrastructure companies, experts said.

Tata Motors, Pidilite Industries, Procter & Gamble Hygiene & Healthcare, Star Health and Allied Insurance Company, Godrej Properties, Deepak Nitrite, 3M India, General Insurance Corporation of India, Piramal Enterprises, The Ramco Cements, Finolex Cables, Quess Corp, Balrampur Chini Mills, Gujarat Alkalies & Chemicals, Edelweiss Financial Services, New Delhi Television, Max Ventures and Industries.

In the last one month, Container Corporation Of India has gained about 16%

"The market sentiment from here is looking positive, which may take the Nifty towards 17700 and higher. The immediate resistance is visible at 17700, above which the Nifty may extend its rally towards 18100 over the short term. On the lower end, crucial support is placed at 17400 and 17250."

“When we start thinking of ourselves as number one in whichever field it may be, it may be chemicals, it may be defence, it may be autos, the scale of expansion possibility is dramatic. Remember in the last crisis 2008, Vivek Chaand Sehgals company went 10x. In this crisis, you will find a few more people like that.”

Market veterans Madhusudan Kela and Prashant Jain decode the value in PSU stocks

The volatility index, India VIX, has slipped to 17.4 levels, indicating that volatility is gradually subsiding, thus providing a comfort factor to the bulls. Chart patterns suggest that the zone of 17,400-17,450 will be strong support going forward. Until the index sustains above the level of 17,400, we may witness continuation of this rally up to 17,850-17,950.

The stock traded at a P/E multiple of 41.6, while the price-to-book value ratio stood at 3.81.

The stock quoted a 52-week high price of Rs 781.95 and a 52-week low of Rs 554.1.