Container Corp of India hits record high

Aegis Logistics

04/01/2024 09:14

** Shares of Container Corporation of India  CCRI.NS  rise
as much as 5.7% to hit a record high at 932.70 rupees 
    ** Stock on track for a sixth consecutive session of gain,
if trend holds
    ** Reason for move was not immediately clear
    ** Share price above 50-day, 100-day and 200-day simple
moving averages since Nov. 3 
    ** State-owned logistics firm reported Q2 profit rise on
Nov. 2 after market close, stock has since risen 34.3%
    ** Trading vol 2.5x the 30-day avg by 2:17 p.m. IST
    ** Avg rating of 22 analysts close to equivalent of "hold",
median PT is 757.50 rupees - LSEG data
    ** Stock rose 16.4% in 2023, outpacing rivals Aegis
Logistics  AEGS.NS  and Allcargo Logistics  ACLL.NS  which grew
1.2% and 6%, respectively



 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))