Container Corporation of India Ltd. shares down 3.83% as Nifty drops

NEW DELHI: Shares of Container Corporation of India Ltd. traded 3.83 per cent down in Wednesday's trade at 01:50PM (IST). Around 156,851 shares changed hands on the counter.

The scrip opened at Rs 379.3 and touched an intraday high and low of Rs 379.3 and Rs 362.2, respectively, in the session so far. Shares of the company of Container Corporation of India Ltd. quoted a 52-week high of Rs 665.05 and a 52-week low of Rs 263.2.

Total market cap of the Container Corporation of India Ltd. stood at Rs 22117.38 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 1194.2 crore for the quarter ended 30-Jun-2020, down 24.62 per cent from previous quarter's Rs 1584.31 crore and down 27.83 per cent from the year-ago quarter's Rs 1654.76 crore.

The net profit for latest quarter stood at Rs 60.61 crore, down 75.16 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2020, DIIs held 8.78 per cent stake in the firm, while foreign institutional investors held 26.65 per cent and the promoters 54.8 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 100.05 and a price-to-book ratio of 2.18. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Container Corporation of India Ltd. belongs to the Warehousing/Supply Chain/Road Transport industry.