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Buy Container Corporation Of India; target of Rs 823: Anand Rathi

Anand Rathi is bullish on Container Corporation Of India has recommended buy rating on the stock with a target price of Rs 823 in its research report dated March 28, 2022.

March 28, 2022 / 11:03 AM IST
 
 
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Anand Rathi's research report on Container Corporation Of India

Container Corporation of India Ltd (CONCOR), is a Navratna Public Sector undertaking under the ownership of Indian Railways. It is one of the undisputed market leader with 66% market share of containerized rail cargo in the country. In addition to providing inland transport by rail for containers, the company has also expanded to cover management of Ports, Storage & warehousing and establishing coldchain. The Company has the largest network of 60 terminals in total as on Mar-21. Its movable asset include ~15,500+ Container Wagons, ~37,861 Containers, 14 Gantry Cranes and 111 Reach Stakers. By moving from single stack to double stack operations Concor is bringing world class efficiency in its services.

Outlook

We remain positive on the Company and initiate coverage with a BUY rating and a target price of ₹ 823.