Container Corporation of India falls on Q1 profit drop

Container of India

11/08/2023 06:21

** Shares of Container Corporation of India  CCRI.NS  fall
as much as 4%, their biggest pct loss since June 20
    ** State-owned co on Thursday reported 17.2% fall in Q1 net
profit; rev from ops fell 3.6%
    ** More than 925,000 shares change hands by 10:45 a.m. IST,
~1.0x 30-day avg
    ** If trends stand, CCRI on track for third consecutive
session of falls
    ** Avg rating of 26 analysts close to equivalent of 'buy;'
median PT is 700 rupees - Refinitiv data
    ** Stock down 5.7% YTD up to last close

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))