Container Corporation Of India falls despite reporting 22% rise in Q3 consolidated net profit

Container Corporation Of India is currently trading at Rs. 621.70, down by 39.05 points or 5.91% from its previous closing of Rs. 660.75 on the BSE.

Container Corporation Of India
Container Corporation Of India

Container Corporation Of India The scrip opened at Rs. 663.80 and has touched a high and low of Rs. 665.35 and Rs. 618.95 respectively. So far 104028 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 754.10 on 13-Sep-2021 and a 52 week low of Rs. 403.15 on 25-Jan-2021.

Last one week high and low of the scrip stood at Rs. 696.25 and Rs. 618.95 respectively. The current market cap of the company is Rs. 37864.60 crore.

The promoters holding in the company stood at 54.80%, while Institutions and Non-Institutions held 40.56% and 4.65% respectively.

Container Corporation of India (CONCOR) has reported results for third quarter ended December 31, 2021.

The company has reported a rise of 20.44% in its net profit at Rs 286.53 crore for the quarter under review as compared to Rs 237.90 crore for the same quarter in the previous year. Total income of the company increased by 8.02% at Rs 1,983.20 crore for Q3FY22 as compared Rs 1,835.99 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 22.46% in its net profit at Rs 276.35 crore for the quarter under review as compared to Rs 225.66 crore for the same quarter in the previous year. Total income of the company increased by 8.26% at Rs 1,994.18 crore for Q3FY22 as compared Rs 1,842.11 crore for the corresponding quarter previous year.