Street View- Brokerages flag margin pressure, weak growth outlook for India's CONCOR
BUZZ-Street View- Brokerages flag margin pressure, weak growth outlook for India's CONCOR ** Container Corporation of India CCRI.NS posted a 12.4% y/y decline in fourth-quarter profit, hurt by weak domestic volumes and margin pressure
** Shares of CONCOR down 0.58% at 9:32 am IST
MARGIN PRESSURE, COMPETITION SEEN WEIGHING ON RECOVERY
** JPMorgan ("neutral", PT cut to 510 rupees from 530 rupees) says continued market share losses, weaker FY27 growth guidance and elevated empty running costs could keep earnings under pressure
** Jefferies ("buy", PT: 600 rupees) says weak margins and softer industry volumes likely to persist in near term, with execution on road-to-rail shift key to improving profitability and market share
** Motilal Oswal ("buy", PT:560 rupees) says heightened competition, weak margins weighed on quarter; expects improved rail connectivity to Jawaharlal Nehru Port to support medium-term growth in cargo volumes
** Asian Markets Securities ("accumulate", PT: 510 rupees) expects faster train services and better port connectivity to support structural growth over time
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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