Reduce CONCOR, target of Rs 1115: Angel

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Reduce CONCOR, target of Rs 1115: Angel

Reduce Container Corporation of India with a target price of Rs 1115, says Angel Broking's research report.

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Angel Broking has maintained its reduce rating on Container Corporation of India with a target price of Rs 1115 in its October 15, 2009 research report. At 11:13 am, the share was quoting at Rs 1,125.35, down Rs 2.25, or 0.2%

"Container Corporation (Concor) reported a 6.2% yoy and a 5.8% qoq jump in revenues to Rs 960 crore for 2QFY2010, in line with our estimate. We maintain our earnings estimate and our 'Reduce' rating on the stock, with a target price of Rs 1,115 (15x its FY2011E EPS)," says Angel Broking's research report.

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To read the full report click on the attachment......