Container Corp gains 3%; Nomura maintains buy, ups target

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26 Aug, 2025 12:21

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Shares of Container Corporation of India gained 3 percent intraday Wednesday. Nomura retains buy rating on the stock with increased target price of Rs 1,765 (from Rs 1,570 earlier) as it is the largest beneficiary of game-changing dedicated freight corridor (DFC) commissioning by March 2018.

"Strong long-term visibility, positive margin surprise and resilient market share underscore buy call," the brokerage explained.

While talking in investor meetings in the US (hosted by Nomura), Yash Vardhan guided for a 12 percent volume CAGR in its EXIM segment until the creation of DFC, post which he expects growth to shift to 20-25 percent per annum for several years on account of market share gains from roadways. Yash Vardhan is the director of international marketing & operations at Container Corporation of India (CCRI).

The brokerage remains positive on CCRI on its around 19 percent EBITDA CAGR over FY15-17F. From a long-term perspective, it believes CCRI remains a beneficiary of the potential doubling of opportunity after the creation of a DFC.

At 10:48 hours IST, the scrip of Container Corporation of India was quoting at Rs 1,690.85, up Rs 16.40, or 0.98 percent on the Bombay Stock Exchange.

Posted by Sunil Shankar Matkar