{"id":44321,"date":"2022-05-23T12:55:00","date_gmt":"2022-05-23T07:25:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=44321"},"modified":"2022-05-23T12:51:37","modified_gmt":"2022-05-23T07:21:37","slug":"container-corporation-of-india-shares-surge-6-5-brokerages-see-more-upside","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/container-corporation-of-india-shares-surge-6-5-brokerages-see-more-upside\/","title":{"rendered":"Container Corporation of India shares surge 6.5%: Brokerages see more upside"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2240439752\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Container Corporation of India surged 6.58% on Monday\u2019s early trades. The shares saw a gap-up opening in the morning and are now quoting at \u20b9611.15 apiece.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1172904022\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>On May 19, 2022, the company declared its results for Q4FY22. The company clocked a revenue of \u20b9 2043 crore, up 5% YoY. Further, its PAT (profit after tax) increased from \u20b9 16 crores to \u20b9 260 crores in Q4FY21.<\/p><p>The management of the company has taken new initiatives like (3PL, distribution logistics, cement &amp; food grain transport, a higher terminal utilisation and so on. These initiatives are expected to diversify Concor offerings to customers and thereby capture higher wallet share.<\/p><p>ICICI Securities has maintained a buy call on the shares of Container Corporation of India with a target price of \u20b9680 apiece. This translates to an upside of 11.25%.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1946741248\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>\u201cHigher diesel prices should help rail gain share medium term; more reasonable valuations as 1-year fwd consensus P\/E has corrected from 39x in May-21 to 27.7x in May-22; and expanding domestic container TAM (food grains, cement from F23),&#8221; said Morgan Stanley as it upgraded the shares to equal weight.&nbsp;<\/p><p>It gave a target price of \u20b9628 apiece and said that rail will continue to gain medium term on higher diesel prices, more reasonable valuations, and expanding domestic container TAM (Total Addressable Market). This target indicates an upside of 2.58% as compared to the current market price.<\/p><p>Container Corporation of India is a large-cap company with a market capitalization of \u20b9 34937 crores. This \u2018Navratna\u2019 company provides responsive, cost-effective, efficient and reliable logistics solutions to its customers. It is an undisputed market leader that has the largest network of ICDs\/CFSs\/ Strategic tie-ups in India. It provides inland transport to rail containers and has expanded to cover the management of Ports, air cargo, complexes, and cold chains.<\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3901994068\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Container Corporation of India surged 6.58% on Monday\u2019s early trades. The shares saw a gap-up opening in the morning and are now quoting at \u20b9611.15 apiece.&nbsp; On May 19, 2022, the company declared its results for Q4FY22. The company clocked a revenue of \u20b9 2043 crore, up 5% YoY. Further, its PAT [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":44323,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[3859,3860,3861,3862],"class_list":["post-44321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-concor","tag-container-corporation-of-india","tag-container-corporation-of-india-q4","tag-container-corporation-of-india-results"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Container Corporation of India shares surge 6.5%: Brokerages see more upside - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/container-corporation-of-india-shares-surge-6-5-brokerages-see-more-upside\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Container Corporation of India shares surge 6.5%: Brokerages see more upside\" \/>\n<meta property=\"og:description\" content=\"The shares of Container Corporation of India surged 6.58% on Monday\u2019s early trades. 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