India's Container Corp rises after Q3 profit climb

Container of India

29/01/2024 08:37

** Shares of Container Corp  CCRI.NS  rise 3.9% to 861
rupees 
    ** Logistics company posts 12% rise in its Dec-qtr consol
net profit
    ** Export-import (EXIM) segment to improve as global trade
picks up, ICICI Securities says; maintains "add" rating and
raises PT to 880 rupees from 765 rupees
    ** Q4 to see EXIM margin recovery on dedicated freight
corridor (DFC) connectivity from Gujarat Ports to Delhi
hinterlands - Jefferies
    ** Avg rating of 22 analysts covering CCRI is "hold"; median
PT is 799 rupees - LSEG data
    ** Stock has gained 20.6% since reporting its Q2 results in
November

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))