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    Buy Container Corporation of India, target price Rs 860: JM Financial

    Synopsis

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

    buyAgencies
    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.
    JM Financial has buy call on Container Corporation of India Ltd. with a target price of Rs 860. The current market price of Container Corporation of India is Rs 768.55.

    Container Corporation of India Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 46732.88 Crore) operating in Logistics sector.

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


    Financials
    For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 2030.94 Crore, down -1.53 % from last quarter Total Income of Rs 2062.50 Crore and up 6.88 % from last year same quarter Total Income of Rs 1900.28 Crore. Company reported net profit after tax of Rs 295.86 Crore in latest quarter.



    Promoter/FII Holdings
    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.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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