Buy Container Corporation of India, target price Rs 890: ICICI Direct

ICICI Direct has buy call onwith a target price of Rs 890. The current market price of Container Corporation of India is Rs 756.5. Time period given by analyst is one year when Container Corporation of India Ltd. price can reach defined target.., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 45800.66 Crore) operating in Logistics sector.

Container Corporation of India Ltd. key Products/Revenue Segments include Freight, Other Services, Other Operating Revenue and Export Incentives for the year ending 31-Mar-2021.

Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 2062.50 Crore, down -3.10 % from last quarter Total Income of Rs 2128.56 Crore and up 9.90 % from last year same quarter Total Income of Rs 1876.69 Crore. Company reported net profit after tax of Rs 294.03 Crore in latest quarter. Investment Rationale
Concor being the leader in rail transportation with an unmatched infrastructure would be the key beneficiary of the expected shift of freight from road to rail

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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