Concor shares down 2.21% as Sensex falls

Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 754.1 and a 52-week low of Rs 554.1 on NSE. Around 21016 shares changed hands on the counter till 11:47AM (IST).

The stock opened at Rs 641.1 and has touched an intraday high and low of Rs 646.05 and Rs 634.4 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 37.57, earnings per share (EPS) of Rs 17.32 and price to book value (PB) of 3.81, while the return on equity (ROE) stood at Rs 9.81.

Promoter/ FII Holding
The promoters held 54.8 per cent stake in the company as of June 13, while FII and MF ownerships stood at 23.54 per cent and 12.8 per cent, respectively.

Key Financials

With a market capitalisation of Rs 39637.64 crore, the company operates in the Warehousing/Supply Chain/Road Transport industry. For the quarter ended 31-Mar-2022, the company reported consolidated sales of Rs 2128.56 crore, up 6.74 per cent from the previous quarter?s Rs 1994.18 crore and up 4.86 per cent from the same quarter a year ago. The company reported net profit of Rs 257.56 crore for the latest quarter, up 904.52 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 49.95. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.