PSU Dividend: Railways PSU To Consider Dividend In August, Record Date Set, Buy/Sell?

Board of Directors of Container Corporation of India Ltd will hold meeting on August 8, 2024 to consider financial results and dividend. Current market price of Container Corporation of India Ltd share on BSE is Rs 1043.10 per share with intraday fall of 1.52%. Container Corporation of India Ltd shares witnessed dip of over 1% in last 1-month and soared 55% in last 1-year. Container Corporation of India Ltd has a market capitalisation of Rs 63,555.49 crore. More details below:

Container Corporation of India Ltd To Consider Dividend, Results: According to the BSE filing of Container Corporation of India issued as on July 8, 2024, "Pursuant to Listing Regulations, it is hereby informed that a meeting of the Board of Directors of CONCOR is scheduled to be held on Thursday, 08.08.2024 to consider inter alia the approval of unaudited Financial Results for the quarter ended on 30th June, 2024. Further, in the said meeting, the Board may also consider declaration of Interim Dividend for 2024-25, if any, to the shareholders."

Container Corporation of India Sets Record Date For Dividend: As per the BSE filing of Container Corporation of India issued today, "The Record Date for the said Interim Dividend, if declared by Board of Directors, would be Saturday 17.08.2024."

Concor Dividend History: Container Corporation of India announced 49 dividends since August 16, 2000. In last 1-year, Container Corporation of India announced an equity dividend amounting to Rs 11.00 per share. At the current share price of Rs 1043.10 per share, Container Corporation of India offer a dividend yield of 1.05%.

Shareholding Pattern: Number of FII/FPI investors increased from 642 to 650 in March 2024 quarter. Life Insurance Corporation Of India (LIC) has stake of 5.84% in CONCOR with 35,569,377 shares of the company.

Container Corporation of India Gets Buy Call: Brokerage firm Prabhudas Lilladher issued buy call to Container Corporation of India Ltd shares with target price of Rs 1207 per share. According to the brokerage firm, "the stock after witnessing a short period of correction from the recent peak of 154 zone, has taken support near 1015 zone, witnessing a decent pullback to move past the significant 50EMA level of 1044 to improve the bias of and anticipating for further rise in the coming days. The RSI has arrived at a very attractive zone and is well placed indicating a trend reversal to signal a buy. With the chart pattern looking very attractive, we suggest to buy the stock for an upside target price of Rs 1207 keeping the stop loss of Rs 1005."

Container Corporation of India Share Performance: The PSU's PE stood at 51.64 and ROE 10.42. Container Corporation of India share zoomed 20% in last 6-months, jumped 20% in 6-months, soared 55% in last 3-yeara, and offered return of 88% in 5-years. In last 10-years, the railway PSU soared 160%. The 52-week high price of Container Corporation of India share on BSE is Rs 1,193.95 per share (as on 04/06/2024) and 52-week low price is Rs 646.90 per share (as on 14/08/2023), respectively.

CONCOR Financials: The Railway PSU on May 16 announced a rally of 5.5% in its March 2024 quarter profit to Rs 315.1 crore from the year-ago period on surge in volume soaring market share. Sequentially, its profit after tax (PAT) remained lower than Rs 333.67 crore in the December quarter. Revenue of Concor surged 6.4% to Rs 2,325.1 crore amid 11.24% year-on-year surge in total volumes for the March 2024 quarter. The PSU declared its revenue at Rs 2210 crore for December quarter. It declared a growth of 8.5% in its EBITDA at Rs 591 crore from the year-ago tenure. hEBITDA margin surged 50 basis points to 25.4% from 24.9% in q4 fy2023.

Container Stock Split History: Container Corporation of India split the face value of its share once since June 26, 2018. Container Corporation of India last split the face value of its shares from Rs 10 to Rs 5 in 2018.

Container Corporation Bonus Share History: Container Corporation of India offered 4 bonus issues since April 16, 2008. The last Bonus that Container Corporation of India declared was in the ratio of 1:4 with ex-date of February 4, 2019.

About: CONCOR is committed to providing responsive, cost effective, efficient and reliable logistics solution to its customers. It strives to be the first choice for its customers. CONCOR is a customer focused, performance driven, result oriented organization, focused on providing value for money to its customers, according to its official website.

Disclaimer: The stock has been picked from the brokerage report of Prabhudas Lilladher. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.