Why Are Concor Shares In Focus Today?

The share price of Container Corporation of India Ltd (CONCOR) remained in the spotlight on Tuesday after the company reported a 26.13% year-on-year (YoY) growth in domestic volumes at 2.61 TEUs (twenty feet equivalent) in the September quarter of the current financial year.

In an exchange filing on Monday, the company also informed that for the year 2023-24, C&AG of India has appointed M/ s Hem Sandeep & Co., Chartered Accountants as the Statutory Auditors of the Company. The company said, "In this respect, Company has received on 26.09.2023 the acceptence of above appointment from the said Statutory Auditor."

During this period, the company's EXIM volumes grew by 3.50% to 9.69 TEUs. Total volumes grew 7.59% YoY to 12.3 TEUs during the quarter.

Concor is a state-owned "Navratna" company, primarily focused on providing inland transport by rail for containers. The company has expanded into "management of ports, air cargo complexes and establishing cold chain".

Today, Container Corporation of India shares were seen trading 0.27% lower at Rs 708.00 per share at 10:47 am IST. In the last one year Concor shares have gained just 2.46%, while the stock's year-to-date (YTD) performance has fallen 4.41%.