Buy Container Corporation, target price Rs 455: Motilal Oswal

Motilal Oswal has given buy rating for Container Corporation with a target price of Rs 455. The share price moved up by 0.73 per cent from its previous close of Rs 370.65. The stock’s last traded price is Rs 373.35.

Container Corporation of India Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 22668.80 Crore) operating in Logistics sector.

Container Corporation of India Ltd. key Products/Revenue Segments include Freight which contributed Rs 5371.95 Crore to Sales Value (76.89 % of Total Sales), Export Incentives which contributed Rs 372.12 Crore to Sales Value (5.32 % of Total Sales) and Other Operating Revenue which contributed Rs 327.73 Crore to Sales Value (4.69 % of Total Sales)for the year ending 31-Mar-2019.


Financials
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 1194.20 Crore, down 24.62 % from last quarter Sales of Rs 1584.31 Crore and down 27.83 % from last year same quarter Sales of Rs 1654.76 Crore. The Company reported net profit after tax of Rs 49.29 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 54.8 per cent stake in the company as of June 30, 2020, while FIIs and DIIs held 40.4 per cent and public and others 4.6 per cent.