Shares of Container Corporation of India (CONCOR) declined by approximately 2% on October 14, following Morgan Stanley's issuance of an 'Underweight' rating on the stock with a target price of Rs 774 per share, indicating a potential downside of 13% from the previous closing price.In Q2 FY25, CONCOR's handling volume grew by 6%, with Export-Import (Exim) volume increasing by 4% and domestic volume...

Even though the railways’ new land licensing fee (LLF) policy has set the ball rolling for privatisation of Container Corporation (Concor), the transaction will likely fructify only in the next financial year. This is because it is difficult to complete all the processes by March 2023.The disinvestment, the process for which was to start early this year, was held up due to the delay in rolling o...

Nifty index opened gap down by 136 points but recovered well from its lower zones after taking support near 17442-17480 zones. It moved in a volatile manner thereafter but remained within a range. Nifty has been moving in a broader trading range of 300 points in between 17468 to 17764 zones from last five trading sessions where declines are being bought but follow up is missing at higher zones. It...

Bulls may stage a comeback on Dalal Street on Thursday, weekly F&O expiry day. SGX Nifty was in green, up 0.5% ahead of today’s session, hinting at a positive start for benchmark indices BSE Sensex and NSE Nifty 50. Markets are likely to remain range-bound in the near term on the back of mixed global cues. “Markets ended marginally lower in a volatile trading session amid mixed cues. Markets h...

Adani Ports & Special Economic Zone Ltd. expects to easily raise funds, without weakening its financial health, to acquire state-owned logistics firm Container Corp. of India Ltd., or Concor, in which the government is looking to divest its shareholding.“Concor is a very strategic acquisition," Chief Executive Officer Karan Adani said in an Aug. 3 call with analysts, which was confirmed by an Ad...