Sell Container Corporation of India, target Rs 545: Kunal Bothra

Independent analyst Kunal Bothra has a sell call on Container Corporation of India Ltd. with a target price of Rs 545. The current market price of Container Corporation of India Ltd. is Rs 570.9. Time period given by the analyst is Intra Day when Container Corporation of India Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 580. Container Corporation of India Ltd., incorporated in 1988, has a market cap of Rs 34784.61 crore.
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), Other Services which contributed Rs 913.86 Crore to Sales Value (13.08 % 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.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 1654.76 Crore, down -10.53 % from last quarter Sales of Rs 1849.54 Crore and up 3.60 % from last year same quarter Sales of Rs 1597.19 Crore Company has reported net profit after tax of Rs 225.84 Crore in latest quarter. The company’s top management includes Mr.Anjaneya Prasad Mocherla, Mr.Deepak Shetty, Mr.Lov Verma, Mr.M K Jayasankar, Mr.Manoj Kumar Dubey, Mr.Manoj Kumar Srivastava, Mr.Pradip K Agrawal, Mr.Rahul Mithal, Mr.Sanjay Bajpai, Mr.Sanjay Swarup, Mr.V Kalyana Rama, Mrs.Vanita Seth. Company has Arun K Agarwal & Associates as its auditoRs As on 30-06-2019, the company has a total of 609,294,348 shares outstanding.