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10-May2019

CONCOR gains on the bourses

Container Corporation of India is currently trading at Rs. 476.95, up by 2.75 points or 0.58% from its previous closing of Rs. 474.20 on the BSE.

The scrip opened at Rs. 475.00 and has touched a high and low of Rs. 478.20 and Rs. 474.85 respectively. So far 367 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 568.38 on 17-May-2018 and a 52 week low of Rs. 433.16 on 25-Oct-2018.

Last one week high and low of the scrip stood at Rs. 515.85 and Rs. 470.05 respectively. The current market cap of the company is Rs. 28892.74 crore.

The promoters holding in the company stood at 54.80%, while Institutions and Non-Institutions held 40.66% and 4.54% respectively.

Container Corporation of India (CONCOR) will pump in up to Rs 8,000 crore in the next five years to develop dry ports and distribution logistics centres across the country.

The company is coming up with 20 distribution logistics centres and 100 dry ports. It is already operating 83 (dry ports) and it will make it 100. The 20 distribution logistics centres will be connected to 100 (dry ports).

CONCOR is a Public Sector Undertaking, under Ministry of Indian Railways which was incorporated in March 1988 under the Companies Act, and commenced operation from November 1989 taking over the existing network of 7 ICDs from the Indian Railways.


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