India's CONCOR climbs on Q2 profit jump

Aegis Logistics

30/10/2024 08:28

** Shares of Container Corporation of India (CONCOR)
 CCRI.NS  gain 3% to 833.45 rupees 
** State-run logistics firm reported 9% Y/Y rise in Q2 profit on
higher cargo volumes
    ** Stock eyes busiest trading session in more than four
weeks; about 2 mln shares traded 
    ** Analysts' avg rating on stock is "hold", peers VRL
Logistics  VRLL.NS , Aegis Logistics  AEGS.NS  are rated "buy" -
LSEG data
    ** Median PT on CCRI is 1,010 rupees, 25% premium on last
close 
    ** CCRI down 3% YTD, VRLL down ~28% while AEGS up ~125% 

(Reporting by Manvi Pant in Bengaluru)
((mailto:Manvi.Pant@thomsonreuters.com; +918447554364;))