Latest news with #Concor
Mint
10-07-2025
- Business
- Mint
Stocks to buy or sell: Osho Krishan of Angel One suggests buying Concor, Waaree Energies shares today
Stock market today: Indian equity indices started on a subdued note on Thursday as declines in IT shares countered broader gains, with investors remaining cautious ahead of a possible trade agreement with the US and the upcoming June-quarter earnings season. Sensex declined 76.99 points to 83,461.90 in early trade; Nifty 50 dipped 23.15 points to 25,452.95. Asian markets edged up at the opening, reflecting the overnight increases on Wall Street following US President Donald Trump's final tariff announcements impacting seven minor trading partners. Earlier this week, the president also suggested that an agreement with India was close. Osho Krishan from Angel One believes that the Nifty 50 is set for a breakout over the important resistance mark at 25,600, which could revitalize bullish momentum and push towards a target level of 26,000. Krishan recommends two stocks to buy on Thursday. Here's what he says about the overall market. On the daily chart, the time-wise correction that began last week has now clearly defined a well-established range between 25,300 and 25,600. A meaningful move is likely to occur only once this range is decisively broken on either side. Given the prevailing upward trend in the market, a decisive breakout above the key resistance level at 25,600 could reenergize bullish momentum and lead to significant advances toward the target level of 26,000. This movement may also set the stage for a potential challenge of the historical peak located near 26,277. On the other hand, if increased market volatility triggers a decline below the lower boundary of the established trading range at 25,300, which notably coincides with the 20-day exponential moving average, it could signal a potential downturn, directing prices toward the support zone between 25,200 and 25,100. The markets currently appear to be in a wait-and-see mode, as participants seek clarity regarding developments related to US trade tariffs and the forthcoming corporate earnings season, particularly from prominent companies. These events are expected to serve as significant directional indicators. In the interim, traders are advised to remain vigilant and closely monitor the established trading range. It is prudent to utilize the aforementioned levels to strategically plan trades with a disciplined approach. On stocks to buy on Thursday, Osho Krishan of Angel One recommended two stocks - Container Corporation of India Ltd (Concor), and Waaree Energies Ltd. CONCOR share price has demonstrated a notable recovery from the convergence of its EMAs on the daily chart, signaling a positive shift in market sentiment. This upward movement has coincided with a breakout from a period of consolidation, characterized by an increase in trading volumes that adds credibility to the bullish trend. In terms of technical indicators, several key parameters are reinforcing this optimistic outlook. The 14-day RSI has exhibited a positive crossover, suggesting that momentum is building in favor of the buyers. Hence, we recommend to BUY CONCOR share price around ₹ 610-600, keeping a stop loss at ₹ 580 for a potential Target of ₹ 650-660. Waaree Energies share price has been on a positive trend, hovering above all its short term EMAs on the daily time frame chart. The counter is in a cycle of higher highs - higher lows, accompanied by positive technical parameters. Additionally, the risk-reward is quite favorable at the current juncture, making it a lucrative option to accumulate from a short to medium term perspective. Hence, we recommend to BUY Waaree Energies share price around ₹ 3,100, keeping a stop loss at ₹ 2,900 for a potential Target of ₹ 3,360-3,400. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Business Standard
08-07-2025
- Business
- Business Standard
Container Corp throughput climbs 11% YoY to 12.90 lakh TEUs in Q1 FY26
Container Corporation of India (Concor) announced that its total throughput jumped 11.29% to Rs 12,90,101 Twenty Foot Equivalent (TEUs) units in Q1 FY26 compared with 11,59,251 TEUs in Q1 FY25. On sequential basis, total throughput declined 4.26% from 13,47,495 TEUs in Q4 FY25. Domestic (DOM) throughput stood at 3,16,226 TEUs in Q1 FY26, registering the growth of 9.12% as compared with 2,89,787 TEUs posted in same period a year ago. The export-import (EXIM) throughput climbed by 12.01% year on year to 9,73,875 TEUs in the quarter ended 30th June 2025. Container Corporation of India (CONCOR) is engaged in the business of providing inland transportation of containers by rail. It also covers the management of ports and air cargo complexes and establishes cold chains. Container Corporation of India (CONCOR) has reported 5.8% fall in consolidated net profit to Rs 298.53 crore on a 1.6% decline in net sales to Rs 2287.83 crore in Q4 FY25 as compared with Q4 FY24. The counter shed 0.08% to Rs 596.55 on the BSE.
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Business Standard
05-06-2025
- Business
- Business Standard
Dividend, bonus, rights issue, demerger: BoB, Concor & 23 others in focus
Bank of Baroda, Concor, HDFC Asset Management Company, and 22 others will be in focus today as they will trade ex-date on Friday, June 6, 2025. Following the recent announcements regarding corporate action such as dividends, bonus issues, and rights issues, drawing attention from investors. It should be noted that the record date and ex-date for the mentioned stocks are the same. Shares trading ex-date for final dividend Bank of Baroda has declared a final dividend of ₹8.35 per share, Concor ₹2, HDFC Asset Management Company ₹90, High Energy Batteries India ₹3 per share, ICICI Lombard General Insurance Company ₹7, IFGL Refractories Ltd ₹1, and IndiaMART InterMESH ₹30, according to corporate action data on BSE. That apart, JSW Energy has declared a final dividend of ₹2, Dr. Lal PathLabs ₹6, L&T Technology Services ₹38, Panchsheel Organics ₹0.8, Tata Steel ₹3.6 and Torrent Power ₹5. These dividends will only be paid to shareholders who own the shares before June 6, 2025, which is the ex-dividend and record date. A final dividend is the amount given by a company to its shareholders after the end of its financial year, based on its full-year profits, and approved by shareholders at the Annual General Meeting (AGM). Shares trading ex-date for interim dividend Maithan Alloys has declared an interim dividend of ₹7, Nicco Parks & Resorts ₹0.4, QGO Finance Ltd ₹0.15 and Ramkrishna Forgings ₹1. Meanwhile, TAAL Enterprises has declared an interim dividend of ₹30, Technocraft Industries (India) ₹20, and Toss The Coin ₹0.5. An interim dividend is a dividend payment made by a company to its shareholders before its annual earnings have been determined and finalised. It is usually declared and paid mid-year, often after the quarterly or half-yearly financial results. Catch Stock Market Updates Today LIVE Special dividend IndiaMART InterMESH has declared a special dividend of ₹20. This dividend will only be paid to shareholders who own the shares before June 6, 2025, which is the ex-dividend and record date. A special dividend is a one-time dividend payment made by a company to its shareholders that is separate from the regular, recurring dividend payments. Demerger/Spinoff Khadim India will trade the ex-demerger on Jun 6, 2025. The company received a nod from the National Company Law Tribunal (NCLT) for the demerger of its footwear business--KSR Footwear-- on March 27, 2025. Bonus issue Shilchar Technologies' board approved a bonus issue in the ratio of 2:1, which means, shareholders will receive one new fully paid-up equity share of ₹10 each, for every two existing fully paid-up shares of the company. A bonus issue is when a company gives free additional shares to its existing shareholders, based on the number of shares they already own. Rights issue Som Datt Finance Corporation has announced a rights issue involving 70,05,579 equity shares with a face value of ₹10 each, amounting to a total issue size of ₹49,03,90,530. The issue price is set at ₹70 per fully paid-up equity share (including a premium of ₹60 per share. The entire issue price will be payable at the time of making the application in the issue. A rights issue is a way for a company to raise additional capital by offering new shares to its existing shareholders, usually at a discounted price, in proportion to their current holdings. The ex-date marks the day a stock starts trading without the eligibility for dividends, bonus shares, stock splits, or rights issues. This means that investors who purchase the stock on or after the ex-date will not be entitled to these benefits. To be eligible, an investor must hold the stock before the ex-date. However, the final list of beneficiaries for dividends, stock splits, or rights issues is prepared by the company based on shareholders recorded at the close of the record date.
Hindustan Times
24-05-2025
- Business
- Hindustan Times
‘Mega logistics hub' planned in Greater Noida
The Greater Noida authority on Friday said it has decided to develop a mega infrastructure project with the launch of a land allotment scheme to establish a Multi-Modal Logistics Park (MMLP) in Sector Kappa 2, Dadri. This project will be developed on approximately 174 acres land which costs ₹11,000 per sqm. The site is located near the Noida International Airport in Jewar. 'This is a unique project and a core component of Greater Noida authority's Master Plan 2041 and it will address the National Capital Region's expanding logistics needs and enhance competitiveness of industries in the global market. This project will not only fuel the growth but also create thousands of jobs,' said Ravi Kumar NG, chief executive officer of Greater Noida authority. It will also enjoy seamless connectivity to the Eastern and Western Dedicated Freight Corridors, positioning it as a key logistics and cargo hub in NCR. Located adjacent to a 250-acre Inland Container Depot (ICD) operated by public sector enterprise Concor, the MMLP is expected to form part of an integrated cargo zone. Officials estimate the project will attract investments of ₹5,000 crore and generate approximately 15,000 jobs. The park will feature an intermodal container terminal facilitating cargo movement by road, rail, and air. Modern infrastructure such as cargo yards, cold-storage-enabled warehouses with automated systems, and dedicated terminals for bulk and break-bulk cargo will be included. Companies will also be allowed to operate bonded and non-bonded warehousing, freight forwarding, and customs clearance services. A skill development centre is planned to train personnel in logistics and digital cargo handling. Officials highlighted the advantage of proximity to the airport and freight corridors, offering multimodal connectivity for efficient goods movement. The authority will begin accepting online applications for land allotment from Friday. The application window will remain open for one month. A screening committee will first evaluate entries, followed by a final review by an allotment committee. To be eligible, companies must commit to investing at least ₹1,200 crore—excluding land cost—and have a minimum of 10 years of experience in logistics, especially in managing ICDs or rail terminals. The project will be developed under the Uttar Pradesh government's Multi-Modal Logistics Park Policy 2024, which offers incentives to qualified investors. Allotments will be based on a marking system covering investment proposals and prior experience, with shortlisted applicants invited for presentations. In case of a tie, allotment will be determined by a draw of lots.
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Business Standard
23-05-2025
- Business
- Business Standard
Concor shares drop 4% as Q4 profit, revenue slip; earnings breakdown here
Shares of Container Corporation of India (Concor) fell over 4 per cent on Friday after the Navratna firm reported a marginal decline in its net profit for the fourth quarter of the previous financial year (Q4FY25). Concor stock fell as much as 4.03 per cent during the day to ₹708.2 per share, the biggest intraday loss since May 8 this year. The stock pared gains to trade 2.7 per cent lower at ₹717.9 apiece, compared to a 0.7 per cent advance in Nifty 50 as of 10:30 AM. Shares of the company snapped a two-day gain on Friday and have fallen over 5 per cent from its recent peak of ₹756, which it hit earlier this month. The counter has fallen 9 per cent this year, compared to a 4.8 per cent advance in the benchmark Nifty 50. Concor has a total market capitalisation of ₹43,652.89 crore. Concor Q4FY25 results The company reported a net profit of ₹298.53 crore in the January to March quarter of FY25, as compared to ₹303.29 crore in the same period last year. The decline in the bottom line comes as the revenue from operations fell 1.6 per cent to 2,287.8 crore in the quarter under review. In the first quarter of the previous year, the company reported a revenue of ₹2,325.1 crore. Meanwhile, the company's operating margins or earnings before interest, taxes, depreciation and amortisation declined 10 per cent to ₹526.6 crore in the March quarter. The Ebita margin of Concor dropped to 23 per cent from 25.2 per cent earlier. Also Read Concor dividend and bonus issue The board also has declared a final dividend of ₹2 per equity share of face value of ₹5 each for the year 2024-25. Concor's board approved a bonus issue, offering 1 new share for every 4 shares held by existing shareholders. About Concor Concor, established in 1988 and beginning operations in 1989, is the largest intermodal logistics company in India. As a public sector enterprise under the Ministry of Railways, Concor specialises in the handling and transportation of containers, both by road and rail, and plays a key role in managing ports across the country. The company offers a wide range of services, including warehousing, with its operations involving dry ports, container freight stations (CFSs), and private freight terminals. Concor also supports cold-chain logistics, air cargo, and multimodal transportation, with a focus on door-to-door services for its clients. Operating through two key segments—EXIM (export-import) and Domestic—Concor has built an extensive network of inland container depots (ICDs) and CFSs.
