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Improving volume visibility boosts Concor

By Kemal Pasha

The company has stepped up efforts to increase transit time guarantee to 80% of routes from 30% currently to gain market share from the roadways.

Synopsis

The consensus EPS forecast shows EPS nearly doubling in FY23 compared with the FY21 level. India’s largest container train operator CONCOR plans to expand its share of the domestic business to 40% from 30% currently. The recent trend of containerization of bulk cargo, particularly of cement, in the medium term may boost domestic volumes.

ET Intelligence Group: Improving volume visibility should brighten the prospects of earnings growth at Container Corp of India (CONCOR), potentially boosting its stock that has outperformed the Sensex by 27% in the past one year.

The consensus EPS forecast shows EPS nearly doubling in FY23 compared with the FY21 level. India’s largest container train operator CONCOR plans to expand its share of the domestic business to 40% from 30% currently.

BY

ET Bureau

3 mins read, Last Updated:

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Kemal Pasha