Buy Container Corporation of India, target price Rs 794: Angel One

Angel One has buy call on Container Corporation of India with a target price of Rs 794. The current market price of Container Corporation of India is Rs 778. Time period given by analyst is Intra Day when Container Corporation of India price can reach defined target. Angel One recommended to keep stop loss at Rs 765.

Container Corporation of India, incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 47177.66 Crore) operating in Logistics sector.

Container Corporation of Indiakey Products/Revenue Segments include Freight, Other Services, Other Operating Revenue for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 2030.94 Crore, down -1.53 % from last quarter Total Income of Rs 2062.50 Crore and up 6.88 % from last year same quarter Total Income of Rs 1900.28 Crore. Company has reported net profit after tax of Rs 295.86 Crore in latest quarter.

The company’s top management includes Mr.V Kalyana Rama, Mr.Sanjay Swarup, Mr.Manoj Kumar Dubey, Mrs.Chandra Rawat, Mr.Pradip K Agrawal, Mr.Chesong Bikramsing Terang, Mr.Kedarashish Bapat, Mr.Satendra Kumar. Company has S N Nanda & Co. as its auditors. As on 30-06-2022, the company has a total of 61 Crore shares outstanding.

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.