Moneycontrol PRO
Open App

Buy Container Corporation of India target of Rs 810: ICICI Direct

ICICI Direct is bullish on Container Corporation of India has recommended buy rating on the stock with a target price of Rs 810 in its research report dated August 06, 2022.

August 08, 2022 / 09:52 PM IST
  • bselive
  • nselive
Todays L/H

ICICI Direct's research report on Container Corporation of India

Concor is the dominant player in the CTO business (65% market share) with ~60 terminals. Revenue from rail transportation comprised 75% of total revenues (rest 4% by road, 13% via handling income, 2% warehousing and 4% others) • Total volumes handled in FY21 were 3.6 million TeU, of which Exim volumes were at 83% of the mix with the rest contributed by domestic containers.


We remain positive on the long term growth prospects of the stock and maintain our BUY recommendation. We value the stock at Rs 810 i.e. 22x P/E on FY24E EPS.


For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Container Corporation of India - 080822 - ic

Broker Research
first published: Aug 8, 2022 09:52 pm
ISO 27001 - BSI Assurance Mark