Concor Share Price slips on Weak Q2

Container Corporation of India (CONCOR) disclosed a 31.87 per cent fall in standalone net profit at Rs 157.84 crore for the 2nd quarter ended September 30, 2016. The multi-modal logistics company under the government had registered a net profit of Rs 231.69 crore for the same quarter of previous financial year. The company informed that its total income from operations fell to Rs 1,378.61 crore during the quarter under review as compared to Rs 1,501.79 crore during the year-ago period. Its total expenses during the second quarter stands at Rs 1,237.13 crore, versus Rs. 1,276.13 crore in July-September quarter of the last financial year.

CONCOR was set up in the year 1988 and provides cost-effective logistics services. It has a network of 63 terminals, offers scheduled and on demand rapid rail and road services between the hinterland and ports and between terminals all over the country.

As the trading session commenced on 16th Nov, Concor share price is trading at Rs. 1288.60 (down by 1.20 per cent). The stock opened at Rs. 1290.10 as compared to its previous closing at Rs.1304.30. The stock touched the days high and low at Rs. 1299 and Rs. 1271.55.

Concor share price met its yearly high value at Rs.1,540.00 on 2nd Aug ’16 whereas the 52 week low value is seen at Rs. 1,051.00 on 12th Feb ‘16. The company has a market map of Rs. 26341.99 (Cr) and has a book value of 409.04. Concor is analyzed by Dynamic Levels as the top 500 performing stocks for this quarter among the 1700 stocks which are listed on the NSE.  Concor is fundamentally strong and is safe for investment, as per Dynamic analysts.

In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to Concor share price history.

Source  :   

https://www.dynamiclevels.com/en/current-news/concor-share-price-161116052342