Container Corporation of India - Q2 FY21 Result Update - YES Securities

Container Corporation of India (Q2 FY21) - ADD (Target Rs432, Upside 14%)

Driven by the positive commentary on volume guidance and venture into new business segment, we marginally increase our revenues and earnings estimates for FY21 and FY22. While there are positives related to DFC commissioning leading to higher volumes, the outcome of the LLF however remains a key monitorable. We continue to maintain our ADD rating on the stock for target price of Rs432.

YES Securities - Container Corporation of India (Q2 FY21) - 20201109

Shares of CONTAINER CORPORATION OF INDIA LTD. was last trading in BSE at Rs.380.65 as compared to the previous close of Rs. 377.95. The total number of shares traded during the day was 190453 in over 4412 trades.

The stock hit an intraday high of Rs. 384.1 and intraday low of 375.45. The net turnover during the day was Rs. 71895704.

Source : Equity Bulls

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