Buy Container Corporation of India, target price Rs 610: Kotak Securities

Kotak Securities has buy call on Container Corporation of India with a target price of Rs 610. The current market price of Container Corporation of India is Rs 586.45. Time period given by analyst is Intra Day when Container Corporation of India Ltd. price can reach defined target.

Container Corporation of India Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 35479.21 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 31-12-2021, the company reported a Consolidated Total Income of Rs 1994.18 Crore, up 4.94 % from last quarter Total Income of Rs 1900.28 Crore and up 8.26 % from last year same quarter Total Income of Rs 1842.11 Crore. Company reported net profit after tax of Rs 276.35 Crore in latest quarter.

Investment Rationale
The stock is into accumulation mode post reversal from its support zone

Promoter/FII Holdings
Promoters held 54.8 per cent stake in the company as of 31-Dec-2021, while FIIs owned 24.85 per cent, DIIs 15.59 per cent.