Container Corporation of India, Shipping Corporation of India up on signing deal

Container of India

05/06/2024 08:23

** Shares of Container Corporation of India  CCRI.NS  rise
as much as 5.7% to day's high of 1,002.55 rupees
    ** State-owned logistics firm trims some gains to last trade
2.1% higher 
    ** Says it signed an MoU with Shipping Corporation of India
 SCI.NS ; SCI up 1.6%
    ** Partnership aims to leverage each company's
infrastructure and expertise for seamless, cost-effective
logistics across all transport modes, CCRI says
    ** More than 7.9 mln shares change hands by 12:43 p.m. IST,
2.6x its 30-day avg
    ** Average rating of 22 analysts covering the stock is
"hold"; median PT is 1,050 rupees - LSEG data
    ** Including the session's gain, CCRI is up 12.6%
year-to-date, SCI up 34%

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))