Sell Container Corporation of India Ltd. target Rs 1150 : UBS

UBS has a sell call on Container Corporation of India Ltd. with a target price of Rs 1150 .The current market price of Container Corporation of India Ltd. is Rs 1168.45 Time period given by analyst is year when Container Corporation of India Ltd. price can reach defined target. The global investment bank believes that there is a potential further loss of market share for Concor for EXIM segment. The rail freight as a percentage of sales has come down implying no significant decline in realization but in volume. UBS continues to believe that headwinds for Concor are structural. Any recovery could be significantly slower than the market expectations. Further, demonetisation could potentially lead to an increase in EXIM traffic gap, and higher empty running charges.